Unilever sales growth misses forecasts
LONDON, April 25
LONDON, April 25 (Reuters) - Anglo-Dutch consumer goods company Unilever reported underlying sales growth of 4.9 percent in the first quarter, undershooting market estimates, as unusually cold spring weather in Europe hit ice-cream sales.
The maker of Dove soap, Omo detergent and Ben & Jerry's ice-cream reported underlying sales growth of 4.9 percent for the three months to end-March, compared to analysts' forecasts of 5.6 percent, according to a company-supplied consensus.
Unilever, which has outpaced rivals by focussing on high-growth regions like Latin America and Asia, said growth in emerging markets was 10.4 percent.
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