Unilever 1Q Sales Fell; Raises Quarterly Dividend

Fecha : 18/04/2019 @ 01:45
Fuente : Noticias Dow Jones
Emisora : Unilever Dr (UNA)
Cotización : 54.07  -0.38 (-0.70%) @ 10:39
Unilever Dr Cotización de acciones Gráfica

Unilever 1Q Sales Fell; Raises Quarterly Dividend

Unilever (LSE:ULVR)
Gráfica de Acción Histórica

1 año : De Oct 2018 a Oct 2019

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   By Anthony Shevlin 
 

Unilever PLC (ULVR.LN) said Thursday that first-quarter revenue fell, driven by the disposal of its spreads business, but the company is on track for its full-year targets.

Unilever, owner of the Hellmann's mayonnaise, Dove soap and Ben & Jerry's ice cream brands, said revenue for the quarter was 12.4 billion euros ($14.01 billion), compared with EUR12.6 billion the previous year.

Underlying sales, which strip out the impact of foreign-exchange movements, grew 3.1%. Underlying sales in emerging markets rose 5%.

The Anglo-Dutch company said it expects underlying sales growth to be in the lower half of its 3% to 5% multiyear guidance range. However, it continues to expect an improvement in underlying operating margin as well as strong free cash flow.

The company raised its quarterly dividend by 6% to EUR0.4104 per share, it said.

Alan Jope, chief executive of Unilever, said: "We have delivered a solid start that keeps ups on track for our full-year expectations. Growth was led by emerging markets and was balanced between volume and price."

 

Write to Anthony Shevlin at anthony.shevlin@dowjones.com; @anthony_shevlin

 

(END) Dow Jones Newswires

April 18, 2019 02:30 ET (06:30 GMT)

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