In February, Kraft Heinz made a takeover offer for Unilever, hoping to create a packaged food and consumer goods giant.
Unilever has been under pressure to deliver more shareholder value following its rejection of a USD143.00 billion takeover bid by U.S. food giant Kraft Heinz in February.
Mr. Polman said Unilever's review of operations revealed that the company's strategy for growth is the right one, but also highlighted an opportunity "to go faster and further".
The Anglo-Dutch consumer group has set itself a new operating-margin target of 20% by 2020.
The report also announced that Unilever would be buying back €5bn worth of shares over the remainder of 2017, and that expected sales growth for 2017 remains at 3 - 5% - despite "continued challenging market conditions".
Following the failure of the audacious takeover attempt, the maker of Dove soap and Marmite launched a strategic review to boost returns for shareholders.
Pitkethly told Reuters that much of the margin improvement would come from the food business, which it now plans to combine with the refreshment business, which includes Ben & Jerry's ice cream and Lipton tea. "Unilever realised it needed to do more for shareholders, but it also has to improve margins", said analyst Neil Wilson, at EXT Capital.
As part of the cost-cutting measures, Unilever increased its overall cost savings target from four billion euro (£3.4 billion) to six billion euro (£5.1 billion), to take place over the next three years.
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It is listed in both London and on the Amsterdam AEX, where its share price today were up 0.75 per cent at €46.92 a share.
Pitkethly said merger and acquisition activity should pick up as the company increases its appetite for leverage, but said the strategy regarding big deals was unchanged.
Unilever has decided the future of the Spreads business lies outside the group.
As part of its corporate review, announced this morning, Unilever will also look at that "dual-headed structure" - and whether it needs to have two separate legal entities registered in the Netherlands and the UK.
"To fund it, Unilever is borrowing - increasing its net debt from about x1 earnings before nasties to x2 EBITDA". The company's last share buyback was in 2007.
In evaluating alternatives for its spreads business, Unilever said on Thursday that it became apparent that the dual structure "adds complexity when undertaking such changes".
He said the margarine business was a "declining segment" that could be "better managed by others".
"For 2017, we remain on track to deliver underlying sales growth ahead of our markets".
Britain's deputy ambassador Peter Wilson said "what we want is a unanimous resolution. and we want to see this done soon". Those three nations together presented a resolution condemning the attack to the U.N.
The study found that only 26 percent of the children who died from influenza had been vaccinated before their flu diagnosis. From October 2, 2016 through February 4, 2017, there were 38,244 positive tests for flu virus in the United States.
Fischer says officials found what they believed to be an improvised explosive device in the man's suitcase. The agency said the passenger was scheduled to travel on United Airlines flight 547 to Chicago.
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Turkey reacted by sending ambulances from southern Turkey to the town, transferring 32 wounded Syrians to a medical facility. Russian diplomats submitted their own draft resolution regarding an investigation into Tuesday's attack, Interfax reported.
Ikutaro Kakehashi , who, as founder of the Roland corporation , influenced electronic music, has died. Tommy Snyder, a former Roland associate of Kakehashi, posted the news on his Facebook page Saturday.
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