Moneycontrol PRO
HomeNewsBusinessUnilever stands by outlook after first-quarter meets expectations

Unilever stands by outlook after first-quarter meets expectations

Unilever, the Anglo-Dutch consumer goods giant, reported first-quarter sales that met expectations, helped by volume gains, and maintained its full-year outlook.

April 19, 2018 / 12:33 IST

Unilever, the Anglo-Dutch consumer goods giant, reported first-quarter sales that met expectations, helped by volume gains, and maintained its full-year outlook.

The maker of Dove soap and Ben & Jerry's ice cream, which is in the process of overhauling its corporate structure, said on Thursday that underlying sales rose 3.4 percent, meeting an analysts' consensus supplied by the company.

Reported turnover fell 5.2 percent to 12.6 billion euros, hurt by currency exchange rates. Analysts were expecting 12.84 billion euros.

The company, which recently decided to collapse its dual-headed structure and picked Rotterdam as its main home base, stood by its forecast for 2018 sales growth of 3 to 5 percent.

first published: Apr 19, 2018 11:51 am

Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!

Subscribe to Tech Newsletters

  • On Saturdays

    Find the best of Al News in one place, specially curated for you every weekend.

  • Daily-Weekdays

    Stay on top of the latest tech trends and biggest startup news.

Advisory Alert: It has come to our attention that certain individuals are representing themselves as affiliates of Moneycontrol and soliciting funds on the false promise of assured returns on their investments. We wish to reiterate that Moneycontrol does not solicit funds from investors and neither does it promise any assured returns. In case you are approached by anyone making such claims, please write to us at grievanceofficer@nw18.com or call on 02268882347