Information  X 
Enter a valid email address

Unilever warns on sales citing challenging conditions in Asia, Africa

By BFN News | 07:13 AM | Tuesday 17 December, 2019


Consumer goods giant Unilever warned that it now expected its underlying sales growth for 2019 to be slightly below its guidance of the lower half of its 3-5% multi-year range. The company pinned the downgrade on challenging conditions in some markets, including an economic slowdown in South Asia. Trading conditions in West Africa remained difficult, while the challenging trading environment in developed markets continued, it added. Earnings, margin and cash were not expected to be impacted. Looking ahead to 2020, chief executive Alan Jope said growth in that year would be second-half weighted. First-half growth was seen below 3%, he said, while full-year underlying sales growth was expected to be in the lower half of the multi-year range. 'Growth remains our top priority and we are confident we have the right strategy and investment in place to step up our performance,' Jope added. Story provided by StockMarketWire.com

a d v e r t i s e m e n t