Unilever withdraws 2020 forecast, to pay interim dividend [Reuters]
Unilever PLC (UL)
US:NYSE Investor Relations:
unilever.com/investor-relations
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Source: Reuters
Unilever withdraws 2020 forecast, to pay interim dividend (Reuters) - Consumer goods giant Unilever Plc on Thursday pulled its full-year forecast, saying it could not “reliably assess the impact” of the coronavirus pandemic on its business, but said it would pay its quarterly interim dividend as planned. The company said underlying sales for the first three months of the year were flat, as a sharp decline in shopping and restaurant trips in China during much of the quarter offset gains from stay-at-home consumers stockpiling its soups and laundry detergent in Europe and North America. First-quarter turnover rose 0.2% to 12.40 billion euros ($13.42 billion), slightly missing estimate of 12.77 billion euros, according to analysts polled by Factset. “China suffered a significant decline as the lock-down measures restricted out of home eating and shopping trips across much of the quarter,” the company said, adding that a lockdown in India from mid-March severely limited the flow of goods
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