Emerging market sales boost Unilever
StockMarketWire.com - Significant expansion in emerging market countries saw Unilever post underlying sales growth of 2.9% in the third quarter of the year. The figure was split between a rise in volume and prices.
While Europe and North America remained relatively flat for the company’s international brands, an increase in emerging markets sales of 5.1% helped overall figures.
Alan Jope, chief executive officer, Unilever, said: "For the full year, we continue to expect underlying sales growth to be in the lower half of our multi-year 3-5% range, an improvement in underlying operating margin that keeps us on track for the 2020 target and another year of strong free cash flow."
In the third quarter, Unilever turnover hit €13.3bn, taking total turnover for the year to €39.3bn. Emerging market sales made up €7.8bn and €23.4bn of the global totals respectively.
At 8:40am: (LON:ULVR) Unilever PLC share price was +38.5p at 4647p
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