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Unilever hit by slower sales

by LLB Editor
17th Dec 19 7:55 am

Consumer goods giant Unilever has said it expects underlying sales growth for 2019 to be “slightly below its guidance of the lower half of its 3-5% multi-year range”.

The company – whose brands include Marmite, Surf and PG Tips – said this was due to “challenges” in some of its markets, “including the economic slowdown in South Asia, one of Unilever’s largest markets, and trading conditions in West Africa remaining difficult”.

“The trading environment in developed markets continues to be challenging and while there are early signs of improving performance in North America, a full recovery there will take time,” it added.

Chief executive Alan Jope said: “Growth remains our top priority and we are confident we have the right strategy and investment in place to step up our performance.”

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