Unilever warns of emerging market slowdown


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."

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Comments (3)
  • Veritas1010
    , contributor
    Comments (3255) | Send Message
     
    UL was a buy when it languished at $30. Way too pricey now with global slow down having just arrived upon an overpriced market in general.
    30 Sep 2013, 01:19 PM Reply Like
  • pman6
    , contributor
    Comments (270) | Send Message
     
    I think this is a BS excuse. I noticed UL issuing a lot of coupons lately on stuff like skippy peanut butter and shampoo when it rarely did so before.

     

    There must be a huge slowdown in domestic markets too.
    30 Sep 2013, 01:40 PM Reply Like
  • Deja Vu
    , contributor
    Comments (1814) | Send Message
     
    PG is down 3 points in sympathy. HLF is up by the way.
    30 Sep 2013, 03:44 PM Reply Like
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