10/17/2019, 8:05 AM (Source: TeleTrader)
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Unilever's turnover up 5.8% to €13.3B in Q3

Unilever plc announced on Thursday that its turnover in the third quarter of 2019 stood at €13.3 billion, marking a 5.8% increase compared to the same period a year ago. Underlying sales growth in the three-month period stood at 2.9% with 1.4% from volume and 1.5% from price.

"We have maintained momentum in the quarter, with a good balance between volume and price. Emerging markets and Home Care have been the key growth drivers. We will step-up competitive top line performance through innovation and portfolio evolution to serve the faster growing geographies and channels," 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.

In the first nine months of 2019, the British-Dutch transnational consumer goods company's turnover rose 1.5% to €39.3 billion year on year. Underlying sales growth in the nine months through September was 3.4%. The company added it will pay a quarterly interim dividend of €0.4104 per share for the third quarter on December 4.

Baha Breaking the News (BBN) / NP