Unilever Q3 sales slow as emerging market growth falters
Consumer goods group Unilever reported weaker third quarter sales growth but said it was a creditable performance in markets where economic conditions were putting consumers under pressure.
Market growth slowed in emerging countries and particularly in China, Europe faced price deflation and poor summer weather compared with last year but conditions in North America started to improve.
Third quarter underlying sales growth was 2.1%, underlying volume growth was 0.3% and pricing rose 1.8%. Turnover declined 2% to €12.2bn including a negative currency impact of 2.6%. Acquisitions & disposals reduced turnover by 1.5%.