Unilever Reports Slow Sales Growth for the Third Quarter

Unilever Reports Slow Sales Growth for the Third Quarter

Unilever revealed that it has a slower growth for the third quarter on Thursday. This provided more proofs for a slowdown in rising markets, regarding hitting demand for its consumer commodities.

Unilever produces about half its yearly sales from developing and emerging markets. The company also told that it is expecting the growth in sales to be recovered in the fourth quarter.

Third-quarter sales revealed a 1.9% increase in volume and a 1.3% increase in prices. The figure was revealed by the company. The shares of Unilever were down 0.7% in London at 0710 GMT.

Unilever (UNA) is the second-biggest consumer-products maker in the world. It has reported the slowest quarterly sales growth in four years. The growth in sales was decreased because the demand for its soaps and spreads turned down around the globe.

Unilever said that last month the sales growth in the quarter would be 3% compared to 3.5%. In Europe, Unilever sold extra products on the whole as it cut prices and as warmer weather increased the demand for frozen treats in the northern region, bringing underlying sales growth to 0.4%.

"The absence of mature market growth is a salient feature relative to a number of its peers", Oriel Securities analyst Chris Wickham said in a note to clients.


FrenchTribune Specials

Risk of Severe Floods Increases for New York City: Study

Number of factors has significantly increased the risk for New York City to witness severe floods, finds a novel study. Sea level rise, wetlands' damage, dredging of waterways and shift in storm tracks among other factors have made parts of New York to be 20 times more susceptible to floods since mid 1880s.

Now, chance of water crossing...

Most Popular

Drone Technology Used to Unearth New Mexico’s Ancient Village Site

A customized and inexpensive drone helped archaeologists...

World’s Longest-Term Experiment Finally Drops 9th Dollop

The world's longest-term experiment, pitch drop...

$5,000 Reward for Info on Convict Responsible for Injuring California’s Brown Pe

On April 16, in the Belmont Shore area, a pelican was...

Poll

Can Greece Come out of Economic Problems: