Pandemic restrictions in several key markets are still keeping a lid on sales growth at Unilever, even as business begins to return to normal in the U.S. and Europe
Unilever confirmed its full-year guidance for flat margins, pushing up the company’s shares by more than 2% in London trading.—for years seen by analysts and investors as a competitive advantage—continues to present an array of pandemic-related challenges. Some 60% of Unilever’s sales are generated in emerging markets, with 14% of total sales coming from Southeast Asia, a larger proportion than some of its rivals.
The tougher environment in what were some of Unilever’s fastest-growing markets comes as the company and its rivals battle rising cost inflation that is prompting much of the consumer-products industry to increase selling prices. Unilever said it had raised prices in Latin America by 9% in the quarter, going through eight rounds of price increases in Brazil, as it sought to offset higher costs for freight, palm oil and soybean oil.
The comments follow similar forecasts this week from peers Nestlé and P&G, which have also raised selling prices, albeit at a lower average level in the quarter.
Norge Siste Nytt, Norge Overskrifter
Similar News:Du kan også lese nyheter som ligner på denne som vi har samlet inn fra andre nyhetskilder.
Alibaba shares surge 7% after Jack Ma appears in Europe and company releases new chipAlibaba founder Jack Ma has been largely out of the public view since October 2020 when he made comments that appeared to criticize Chinese regulators.
Les mer »
Why Europe is a great place for digital nomadsCovid-19 has prompted big changes in how people work. Many employers are introducing flexible work policies
Les mer »
Opinion | Are the U.S. and Europe Breaking Up?From WSJopinion: The trans-Atlantic alliance is in trouble if our friends abroad won’t confront China, writes BillGalston
Les mer »
Taiwan foreign minister adds Slovakia to rare Europe tripTaiwan Foreign Minister Joseph Wu will visit Slovakia next week on a rare trip to Europe that will also include a trip to the neighbouring Czech Republic and a virtual address to a forum in Rome, his ministry said on Thursday.
Les mer »
2021 MTV Europe Music Awards to 'Stand in Solidarity With Our LGBTQ Siblings' In Wake Of Host Hungary's Anti-Gay LawsMTV Europe Music Awards will be held Nov. 14 in Hungary, despite the country’s recent passage of anti-LGBTQ legislation.
Les mer »
Wall Street analysts expect strong earnings from Europe. Here are 25 of their top stock picksInvestment banks selected a slew of stocks ahead of third-quarter earnings in Europe, with Morgan Stanley analysts revealing their 'high conviction' picks.
Les mer »