Friday, October 19, 2018

Unilever's sales recovery in the third quarter with price increase

Unilever unveiled on Thursday a recovery in sales in the third quarter, as managed to pass on higher costs to consumers. Underlying sales rose 3,8% in the period, the company said, adding that he decided to exclude the price growth in Argentina, due to the high inflation in the country. Including the Argentine results, sales growth would have been 4,5%. The analysts had expected on average a high of 4,3% in sales, according to a consensus provided by the company. The anglo-Dutch maker of Dove soaps and Ben Jerry's ice cream & gave up plans to change your headquarters to the Netherlands this month after opposition from British investors. She did not announce news about its plans to simplify your structure, other than to say that it would take time to digest fully the negative reaction from shareholders over the decision to relocate in Holland. " A solid set of results, "said James Edwardes Jones, an analyst at RBC Capital Markets. "After the drama around the (lack of) unification of classes of shares, Unilever will, we imagine, be satisfied with these unattractive results for the third quarter." Unilever kept your perspective, saying it still expects underlying sales growth in the range of 3 to 5%, an improvement in underlying operating margin and strong cash flow. The manufacturer said it remains on track to its 2020 targets in a teleconference with analysts, the company said it expects sales growth in 2018 stay on level 3 the 5% range, but possibly a bit larger. Also on Thursday, Nestle confirmed your orientation with the growth of the third quarter.
DCI - 18/10/2018 News Item translated automatically
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