Company News, Financial News

Sales Fall 5% at Unilever

Forex is the culprit.

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By: TOM BRANNA

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Unilever's sales fell 5% for the first half, due to unfavorable exchange rates. The company said that underlying sales growth, excluding spreads, was 2.7% with volume contributing 2.5% and price adding 0.2%. The company noted that a truckers' strike in Brazil adversely affected underlying sales growth by around 60 basis points.  “Our first half results show solid volume-driven growth across all three divisions, which was achieved despite the effects of an extended truc...

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