4/18/2019, 8:09 AM (Source: TeleTrader)
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Unilever turnover down 1.6% to €12.4B in Q1

Unilever plc announced on Thursday that its turnover in the first quarter of 2019 amounted to €12.4 billion, marking a 1.6% decrease from the same period a year ago. Underlying sales growth in the January-to-March period stood at 3.1%, thus topping market estimates.

The British-Dutch transnational consumer goods company added that its quarterly dividend payable in June increased 6% to €0.4104 per share.

"We have delivered a solid start that keeps us on track for our full year expectations. Growth was led by emerging markets and was balanced between volume and price," CEO Alan Jope stated. "For the full year we continue to expect underlying sales growth to be in the lower half of our multi-year 3% – 5% range, an improvement in underlying operating margin that keeps us on track for the 2020 target and another year of strong free cash flow," he added.

Baha Breaking the News (BBN) / NP