Unilever ADRs Down 9% After Sales Forecast
17 Diciembre 2019 - 11:08AM
Noticias Dow Jones
By Michael Dabaie
Unilever PLC (UL) ADRs were down about 9% to $56.59 in
heavier-than-average volume Tuesday.
Unilever said earlier that it expects 2019 underlying sales
growth to be below its guidance of the lower half of a 3-5%
multi-year range.
"Due to challenges in certain markets, we expect a slight miss
to our full year underlying sales growth delivery," said Chief
Executive Alan Jope.
For 2020, the multinational consumer goods company said it
expects first-half growth will be below 3%. Full-year underlying
sales growth is forecast to be in the lower half of the multi-year
range, Unilever said.
Write to Michael Dabaie at michael.dabaie@wsj.com
(END) Dow Jones Newswires
December 17, 2019 11:53 ET (16:53 GMT)
Copyright (c) 2019 Dow Jones & Company, Inc.
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