Unilever Sales Miss Estimates on European Decline
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Unilever, the world’s second-largest consumer-goods maker, reported revenue growth that missed analysts’ estimates as sales slumped in Western Europe and said commodity prices will rise in the second half.
The shares fell 5 percent in Amsterdam, the most since Feb. 5, 2009. Underlying sales rose 3.6 percent from a year earlier, the London- and Rotterdam-based company said today. Analysts had expected growth of 4 percent on that basis, according to the median estimate of seven surveyed by Bloomberg News.