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Unilever lowers 2020 sales growth target

By Retail4Growth Team | December 17, 2019

The Anglo-Dutch company said that this is a result of challenges in the quarter in some markets, including the economic slowdown in South Asia and trading conditions in West Africa remaining difficult.

Consumer goods company Unilever Plc today on Tuesday announced that its expects underlying sales growth for 2019 to be slightly below its guidance of the lower half of its 3-5% multi-year range.

The Anglo-Dutch company said that this is a result of challenges in the quarter in some markets, including the economic slowdown in South Asia and trading conditions in West Africa remaining difficult.

The company further added that despite the early signs of improving performance in North America, a full recovery will still take time. However, earnings, margin and cash are not expected to be impacted.

“Due to challenges in certain markets, we expect a slight miss to our full-year underlying sales growth delivery,” Unilever Chief Executive Officer Alan Jope said in a statement.

“Looking ahead to 2020, growth will be second-half weighted. While we expect improvement in H1 2020 versus this quarter, we expect that first-half growth will be below 3%. Our full-year underlying sales growth is expected to be in the lower half of the multi-year range. Growth remains our top priority and we are confident we have the right strategy and investment in place to step up our performance,” he added.

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