NewsBreak: Unilever Upholds 2020 Targets After In-Line 3Q Revenue

Investing.com — Consumer goods giant Unilever (LON:) upheld its guidance through next year Thursday after revenue grew at an annual rate of 5.8% in the third quarter to 13.25 billion euros ($14.6 billion), while underlying sales grew 2.9%.

Emerging markets and home care products were the key growth drivers. Emerging market sales grew at 5.1% with strong growth across South East Asia compensation for a growth slowdown in India, its biggest market in the region. Underlying sales of home care products rose 5.4% from a year earlier.

“For the full year, we continue to expect underlying sales growth to be in the lower half of our multi-year 3%-5% range, an improvement in underlying operating margin that keeps us on track for the 2020 target and another year of strong free cash flow,” Chief Executive Alain Jope said in a statement.

• Quarterly dividend 36p / 0.41 euros

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.