Unilever 1Q Turnover Rose on Strong Trading in US
April 23 2020 - 1:46AM
Dow Jones News
By Matteo Castia
Unilever PLC reported Thursday a rise in first-quarter turnover,
benefiting from a strong U.S. market, and said it is withdrawing
its guidance for the full year over uncertainty associated with the
coronavirus pandemic.
The Anglo-Dutch multi-sector retailer--which owns consumer
brands such as Ben & Jerry's ice cream and Dove soap--made a
quarterly turnover of 12.42 billion euros ($13.47 billion), with an
underlying sales volume growth of 0.2%, stripping out acquisitions,
disposals and currency movements. This compares with a turnover of
EUR12.40 billion a year earlier.
Beauty and Personal Care remained the largest among Unilever's
sectors, with a turnover of EUR5.30 billion and an underlying sales
growth of 0.3% on the year.
The board declared a quarterly dividend of 41.04 euro cents,
flat on the previous year.
Write to Matteo Castia at matteo.castia@dowjones.com
(END) Dow Jones Newswires
April 23, 2020 02:31 ET (06:31 GMT)
Copyright (c) 2020 Dow Jones & Company, Inc.
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