New Unilever CEO Inherits Disappointing Sales Performance - News Summed Up

New Unilever CEO Inherits Disappointing Sales Performance


The maker of Dove soap and Ben & Jerry’s ice cream said fourth-quarter underlying sales rose 2.9 percent. CHALLENGING CONDITIONSUnilever reported full-year sales growth of 3.1 percent, in line with its forecast for growth at the bottom end of its 3 to 5 percent forecast range. The same happened in Europe, though the company eked out 0.8 percent sales growth in the region. Overall, underlying sales in developed markets grew only 0.4 percent in the quarter. For the full year, Unilever reported turnover of 49.6 billion euros ($57.05 billion), excluding its divested spreads business, with underlying sales up 3.1 percent, in line with expectations.


Source: The North Africa Journal January 31, 2019 10:30 UTC



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