Sales gains will be slightly below guidance for 2019, and underlying growth will be in the lower half of the company’s multiyear range of 3% to 5% in 2020, according to the Unilever sales update.
Unilever (una.as) reported challenges in the quarter in some markets, including an economic slowdown in South Asia and that trading in developed markets continues to be challenging as well. However, the company noted that earnings, margin, and cash are not expected to be affected.
The stock fell as much as 6% in Amsterdam Tuesday morning, trading around €51.60, the steepest decline in two years. Based on a forward dividend of €1.62, the dividend yield is 3.0%.