Business
Unilever Sales Update
Unilever Sales Update.
About this update from Unilever Plc
[{"type":"text","content":"\n \nRNS Number : 1153X Unilever PLC 17 December 2019 \n\nUNILEVER SALES UPDATE\n \nLondon / Rotterdam 17 December 2019. Unilever today announces that it expects underlying sales growth for 2019 to be slightly below its guidance of the lower half of its 3-5% multi-year range. \n \nThis is a result of challenges in the quarter in some markets, including the economic slowdown in South Asia, one of Unilever's largest markets, and trading conditions in West Africa remaining difficult. The trading environment in developed markets continues to be challenging and while there are early signs of improving performance in North America, a full recovery there will take time.\n \nEarnings, margin and cash are not expected to be impacted.\n\nAlan Jope, Chief Executive Officer: \"Due to challenges in certain markets, we expect a slight miss to our full year underlying sales growth delivery.\n \n\"Looking ahead to 2020, growth will be second-half weighted. While we expect improvement in H1 2020 versus this quarter, we expect that first half growth will be below 3%. Our full year underlying sales growth is expected to be in the lower half of the multi-year range.\n \n\"Growth remains our top priority and we are confident we have the right strategy and investment in place to step up our performance.\" \n \nENDS\nThere will be a conference call held at 8am GMT on Tuesday 17th 2019:\nUK Freefone: 0800 389 7473 / UK Direct: 01296 480 180\nInternational direct: +44 1296 480 180\nGlobal access numbers: http://www.btconferencing.com/globalaccess/?bid=54_automated\nPasscode: 661 502#\n \nA replay will be available shortly after the call has finished:\nUK Freefone: 0800 032 9687 / UK Direct: 0207 136 9233\nReplay global access: http://www.conferencingsupport.com/globalaccess/?bid=00&itfn=1&ddi=1&ref \nPasscode: 22130004 \n \nInvestor enquiries \n+44 20 7822 6830  ...