Thursday, April 27, 2017

Unilever''s sales grow in the world but fall in Brazil and USA

Unilever registered a 6.1% increase in revenue for the first quarter, to 13.3 billion euros, compared to the previous year. The result was received, once again, by the increase in prices, which offset the poor performance in developed markets such as Europe and the United States.
The anglo-Dutch giant consumer goods registered an increase of 2.9% still in sales, adjusted to exclude the impact of currency volatility, surpassing analysts '' predictions which pointed to an increase of 2%.
Adjusted revenues in emerging markets rose 6.1% in the first quarter, compared to growth of 8.3% in the previous year. Already in developed markets, sales retreated 1.5 percent, against 0.3% drop seen in the previous year, with emphasis on the United States.
Graeme Pitkethly, Unilever''s Chief Financial Officer, described the decline in the US as "unexpected", citing a slowdown in tax refunds, concerns in the Hispanic community after the election of President Donald Trump, the bad weather and fuel prices as possible factors.
With respect to Brazil, the company said it continues to be negatively affected by the economic crisis, registering a decline in sales.
Supermercado Moderno - 26/04/2017
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