7/25/2019, 8:34 AM (Source: TeleTrader)
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Unilever's turnover drops 0.1% to €13.7B in Q2

Unilever plc stated on Thursday its turnover in the second quarter of 2019 decreased by 0.1% on an annual basis, amounting to €13.7 billion, with underlying sales growth of 3.5%. For the first half of the year, Unilever's turnover stood at €26.1 billion, which marks a 0.9% decrease.

The British-Dutch transnational consumer goods company added that its quarterly dividend payable in September increased 6% to €0.41 per share, while its GAAP earnings per share in the first six months of 2019 will increase by 3.4%, up to €1.14.

"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 the underlying operating margin that keeps us on track for the 2020 target and another year of strong free cash flow. Our sustainable business model and portfolio of purpose-led brands are key to delivering superior long-term financial performance," Unilever's CEO Alan Jope said in a statement.

Breaking the News / MA