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Unilever (LSE: ULVR) 3Q17 Update: Sales Miss Estimates, Hit by Poor Weather and Natural Disasters

Executive Summary

  • Unilever reported 3Q17 sales of €13,166 million, well below the consensus estimate of €14,206 million and down 1.6% year over year.
  • Underlying sales growth was 2.6%, below the consensus estimate of 4.4%.
  • The group maintained its forecast for full-year underlying sales growth of 3%–5%.

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