Unilever confident despite weak global economy Unilever, the consumer goods giant whose business depends on discretionary spending in developed and emerging countries, has said it can fight off difficult economic conditions to produce robust growth this year. The maker of Dove personal care products and Ben & Jerrys ice cream said in the outlook statement accompanying its third quarter results that: We are confident that we will achieve another year of profitable volume growth ahead of our markets, steady and sustainable core operating margin improvement and strong cash flow. Its third quarter sales rose 2.1 per cent on a like-for-like basis, compared to the same time last year. Its strongest trading was in the US, where sales advanced by 6.8 per cent. Europe was weak, however, with sales falling by 4.3 per cent. Investors had been fearing a more pessimistic update from Unilever ever since finance director Jean-Marc Huët said at an event last month that global market growth had slowed and emerging markets had worsened. Just over a year ago, Unilever became the first consumer goods maker to warn on emerging markets sales growth.
Posted on: Thu, 23 Oct 2014 08:29:16 +0000
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