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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 CEST

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 [email protected]

Stocks mentioned in the article : Unilever plc
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Financials (€)
Sales 2017 56 165 M
EBIT 2017 9 066 M
Net income 2017 5 775 M
Debt 2017 11 651 M
Yield 2017 2,90%
P/E ratio 2017 23,91
P/E ratio 2018 19,36
EV / Sales 2017 2,88x
EV / Sales 2018 2,88x
Capitalization 150 128 M
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Mean consensus OUTPERFORM
Number of Analysts 20
Average target price 50,6 €
Spread / Average Target 2,5%
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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
Ann Marie Fudge Vice Chairman
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Sector and Competitors
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