Unilever said in the most recent quarter unfavorable euro exchange rates decreased its revenue by 8.9%. Unilever said in the most recent quarter unfavorable euro exchange rates decreased its revenue by 8.9%. “Currency translation decreased turnover by 8.9%,” said CFO Graeme Pitkethly, according to an earnings transcript. The renewed focus on dampening currency risk comes as international trade tensions cloud the outlook for global economic growth and raise concerns about the future of the multinational business paradigm. Decades of globalization and free-trade policies have encouraged scores of companies to source in one country, produce and sell in others, making these companies vulnerable to currency swings.

Source: Wall Street Journal August 01, 2018 09:36 UTC