Currency Movements Dent Unilever Growth in Third Quarter
One year ago - By WWD
LONDON - Currency headwinds dented growth at Unilever, parent of brands ranging from Dove and Vaseline to Lipton and Magnum, in the third quarter, the industry giant said in a trading update on Thursday.
Turnover fell 1.6 percent to 13.2 billion euros in the three months ended Sept. 30. Stripping out the spreads business which, as reported in April, Unilever plans to sell or demerge, growth in the quarter dipped 1.5 percent to 12.5 billion euros.
Underlying sales growth was 2.6 percent in the period and 2.8 percent, excluding the spreads division, a mature business that has been flat for...
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