LONDON (Yosefardi) – Unilever reported its turnover decreased 2% to EUR38.0 billion including a negative currency impact of 5% in first 9 months of this year.
Its reported an underlying sales growth of 4.4% with emerging markets up 8.8%. While underlying volume grew by 2.4% ahead of its markets and pricing increased 1.9%.
For third quarter, underlying sales rose 3.2% with emerging markets up 5.9% while underlying volume grew by 1.9% and pricing up 1.3%. The turnover fell 6.5% to EUR12.5 billion including a negative currency impact of 8.5%.
Unilever said growth continued to slow in emerging markets as macro-economic headwinds and the consequences of currency weakness affected consumer demand across a significant number of the emerging countries. The developed markets have not recovered and remain flat to down, with little sign of any improvement so far.