Unilever warns of emerging market slowdown

|About: Unilever Plc (UL)|By:, SA News Editor

Weakening growth in emerging markets should bring overall underlying sales growth to 3-3.5% in Q3, says Unilever (UL -2.4%). Significant weakening in domestic currencies is the culprit behind the EM slowdown, according to the company. Developed market growth remains flat to down.

"We continue to grow ahead of our markets and expect underlying sales growth to improve in Q4 ... 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."