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Marmite maker fails to hit sales targets due to slowdown

By Burton Mail  |  Posted: July 26, 2014

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MANUFACTURING firm Unilever, which has a factory in Burton, has failed to hit its sales targets because of a slowdown in emerging markets.

The firm, which makes Marmite at its Wellington Road site, said sales grew by 3.8 per cent in the second quarter of its financial year, below analysts' expectations of 4.3 per cent.

Chief executive Paul Polman said: "Our markets have been challenging and we have experienced a further slowdown in the emerging countries, while developed markets are not yet picking up."

Unilever has been focusing on its soap and cleaning-products business, where it sees better growth in emerging markets and has sold off a number of food brands.

The Mail revealed earlier this year that jobs could be under threat at its Burton site after it emerged a two-month review of the site had begun in an attempt to save cash.

Unilever said all aspects of the operation were being assessed and has refused to rule out the possibility of job losses.

It said the review had been sanctioned as it was 'clear that action has to be taken' to cut costs and improve efficiency at the factory, which has been a prominent feature in the town for more than a century.

A detailed report on the future of the firm in the town is expected at the end of the month.

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  • Gothamite  |  July 28 2014, 8:35PM

    Not surprising news. Unilever will sell Marmite hopefully. Its the only way to keep the product in the UK.

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