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Unilever reports sales growth despite falling turnover
StockMarketWire.com
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Consumer goods giant Unilever reported underlying sales growth of 4.4% for the third quarter of 2020.
Third-quarter turnover reached €12.9 billion across the group, down 2.4% on the third quarter of 2019, with a particular negative impact from currency.
The company highlighted underlying sales growth of 5.3% in emerging markets, and 3.1% in developed markets.
Unilever plans to maintain its quarterly dividend of €0.4104 per share.
CEO Alan Jope said: 'The environment we are operating in will remain unpredictable in the near term, so we will continue to maintain the speed and agility of our response. Our focus remains volume-led competitive growth, delivering absolute profit and free cash flow.'
Story provided by StockMarketWire.com
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