Unilever: stock down after trading update
(CercleFinance.com) - The Unilever stock is down 1.
8% in London today, after the Anglo-Dutch consumer goods group's trading update, even though the group announced underlying sales growth of 3.8% in Q3 2018.
The group announced growth improvements at each of its three major divisions (beauty-personal care, home care and food-refreshments), with an overall volume increase of 2.4%, with a 1.4% increase in prices.
“We continue to expect underlying sales growth in the 3% - 5% range, an improvement in underlying operating margin and strong cash flow,” added Chief Executive Officer (CEO) Paul Polman.
Copyright (c) 2018 CercleFinance.com. All rights reserved.
8% in London today, after the Anglo-Dutch consumer goods group's trading update, even though the group announced underlying sales growth of 3.8% in Q3 2018.
The group announced growth improvements at each of its three major divisions (beauty-personal care, home care and food-refreshments), with an overall volume increase of 2.4%, with a 1.4% increase in prices.
“We continue to expect underlying sales growth in the 3% - 5% range, an improvement in underlying operating margin and strong cash flow,” added Chief Executive Officer (CEO) Paul Polman.
Copyright (c) 2018 CercleFinance.com. All rights reserved.