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Unilever reports 6.3% decline in turnover on back of poor exchange rates

on Apr 24, 2014 | 0 comments

By John Glenday

Unilever has seen its turnover decline by 6.3 per cent to €11.4 billion despite posting growth in both sales and volume after being hit by a negative currency impact over the first quarter.

The multinational consumer goods firm reported underlying sales growth rose 3.6 per cent with emerging markets surging by 6.6 per cent – helped in no small part by a 1.9 per cent increase in underlying volume and a 1.6 per cent boost to pricing.

Paul Polman, Unilever’s chief executive officer, said: “We delivered good growth in the first quarter despite slowing markets and a tough competitive environment, further Read full story ›

Source: The Drum