Unilever: Q3 just below expectations
(CercleFinance.com) - Anglo-Dutch consumer goods giant Unilever recorded Q3 sales of 13.
3 billion euros, up 2.9% in organic terms (including 5.1% in emerging markets), which represented a sequential deceleration.
The consensus was expecting 3%.
Over the first nine months, this growth reached 3.4%, with sales of 39.3 billion euros.
Unilever's CEO Alan Jope still expects FY 2019 organic growth in the lower part of a range of 3% to 5%, along with an improvement in its operating margin.
Copyright (c) 2019 CercleFinance.com. All rights reserved.
3 billion euros, up 2.9% in organic terms (including 5.1% in emerging markets), which represented a sequential deceleration.
The consensus was expecting 3%.
Over the first nine months, this growth reached 3.4%, with sales of 39.3 billion euros.
Unilever's CEO Alan Jope still expects FY 2019 organic growth in the lower part of a range of 3% to 5%, along with an improvement in its operating margin.
Copyright (c) 2019 CercleFinance.com. All rights reserved.