Unilever hit by emerging markets slowdown

Written By Unknown on Kamis, 24 Oktober 2013 | 15.02

UNILEVER PLC, the maker of ice cream, soaps, deodorants and laundry detergents, says its "underlying" third quarter sales grew by 3.2 per cent on a combination of price hikes and higher volumes.

In a trading update on Thursday, it said growth had slowed in developing countries as consumers there lost purchasing power due to weak currencies. It added that markets in industrial countries "have not recovered and remain flat to down."

Unilever said that reported revenues fell 6.5 per cent to 12.5 billion euros ($A18.04 billion) due to the strong euro.

The consumer goods giant said personal care products such as Dove soap and Vaseline performed most strongly. Its refreshments arm - which makes Lipton tea and Ben & Jerry's ice cream, among others - suffered from weakness in southern Europe.


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