Unilever’s chief has warned, that he expects 2019 to be a tough year for sales growth.
Sales growth was 2.9%, far below the forecast of 3.5%, full year sales growth was 3.1% with an annual turnover of £43.4bn.
Alan Jope who is the new chief executive of Unilever said, “In 2019 we expect market conditions to remain challenging.
“We anticipate underlying sales growth will be in the lower half of our multi-year 3%-5% range, with continued improvement in underlying operating margin and another year of strong free cash flow.”
Jope discussed accelerating future sales growth he said I am, “Looking forward, accelerating growth will be our number one priority. With so many of our brands enjoying leadership positions, we have significant opportunities to develop our markets, as well as to benefit from our deep global reach and purpose-led brands
“We will capitalise on our strengthened organisation and portfolio, and our digital transformation programme, to bring higher levels of speed and agility. Strong delivery from our savings programmes will improve productivity and fund our growth ambitions.”
Leave a Commment