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4-Traders Homepage  >  Equities  >  London Stock Exchange  >  Unilever plc    ULVR   GB00B10RZP78

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Unilever Downgrades 3Q Sales Growth Expectations

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09/30/2013 | 06:53pm CET

LONDON--Unilever PLC (>> Unilever plc) Monday downgraded its expectations for third quarter sales growth amid a accelerated slowdown in emerging markets.

The Anglo-Dutch consumer goods company, which now expects third quarter underlying sales growth to be between 3% and 3.5%, said the slowdown in emerging markets growth is due to currency weakening, and that growth in developed markets remained flat to down.

"We continue to grow ahead of our markets and expect underlying sales growth to improve in quarter four," said Chief Executive Officer Paul Polman. "For 2013 we are still on course to deliver against our priorities of profitable volume growth ahead of our markets, steady and sustainable core operating margin improvement and strong cash flow".

London listed shares of Unilever on Monday closed at 2440 pence, valuing the company at 31.53 billion pounds ($50.88 billion).

Write to Tapan Panchal at tapan.panchal@wsj.com

Stocks mentioned in the article : Unilever plc
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Financials ( GBP)
Sales 2016 45 525 M
EBIT 2016 6 839 M
Net income 2016 4 440 M
Debt 2016 9 402 M
Yield 2016 3,36%
P/E ratio 2016 19,76
P/E ratio 2017 17,84
EV / Sales 2016 2,25x
EV / Sales 2017 2,09x
Capitalization 93 016 M
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Mean consensus HOLD
Number of Analysts 21
Average target price 36,3  GBP
Spread / Average Target 17%
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Managers
NameTitle
Paulus Gerardus J. Polman Chief Executive Officer & Executive Director
Marijn E. Dekkers Chairman
Graeme David Pitkethly Chief Financial Officer & Executive Director
David Blanchard Chief Research & Development Officer
Mark McClennon Vice President-Information Technology
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