4/29, 8:27 AM (Source: TeleTrader)
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Unilever reports underlying sales growth of 5.7% in Q1

Consumer goods giant Unilever plc topped analyst estimates on Thursday as the company reported underlying sales growth of 5.7% on the year in the first quarter driven by strong growth in emerging markets like China and India.

Meanwhile, the company said turnover during the quarter decreased by 0.9% to €12.3 billion.

"We are confident that we will deliver underlying sales growth in 2021 within our multi-year framework of 3-5%, with the first half around the top of this range. We expect to increase underlying operating margin slightly for the full year, though with a decline in the first half driven by COVID-19 impacts, higher cost inflation and increased marketing spend over the prior year," Unilever CEO Alan Jope commented in a press release.

Breaking the News / JC