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Unilever: 2012 a ‘difficult’ year
Unilever, the consumer goods group behind brands such as Hellmann’s and Knorr, yesterday warned that 2012 would be a difficult year as growth in emerging markets slows and demand in Europe and North America stays flat at best.
The gloomy outlook sent shares in the Anglo-Dutch group lower as chief executive Paul Polman revealed that emerging markets had slowed around 1 per cent over the past year after the group matched 2011 sales growth forecasts.
“Emerging markets are showing a little bit slower growth than two years ago and being affected by a slower Europe, but we are still building share even when markets are not growing that fast,” he added.
Yesterday’s results showed that turnover rose 5 per cent to €46.5 billion (£38.6bn) in 2011.
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Friday 25 May 2012
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