While countless communities are still ravaged by a slew of recent hurricanes, Unilever claims to also be feeling the effects of these natural disasters in terms of adverse growth in Q3 2017.
According to the company, turnover decreased by 1.6 percent in the third quarter while underlying sales grew 2.6 percent. For the first nine months, turnover increased by 3.1 percent.
Paul Polman, CEO of Unilever, stated, "While conditions in our developed markets remain challenging, we are starting to see signs of improvement in some of our biggest emerging markets including India and China. Growth in the third quarter was adversely affected by poorer weather in Europe compared with last year and natural disasters in the Americas. For the full year, we continue to expect underlying sales growth within the 3 – 5 percent range, an improvement in underlying operating margin of at least 100 basis points and strong cash flow.”
