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Unilever Global Change location

Unilever sales update

London / Rotterdam - Unilever today announces that it expects underlying sales growth for 2019 to be slightly below its guidance of the lower half of its 3-5% multi-year range.

Unilever logo on the entrance of deodorant factory in Jiutepec Mexico

This is a result of challenges in the quarter in some markets, including the economic slowdown in South Asia, one of Unilever’s largest markets, and trading conditions in West Africa remaining difficult. The trading environment in developed markets continues to be challenging and while there are early signs of improving performance in North America, a full recovery there will take time.

Earnings, margin and cash are not expected to be impacted.

Alan Jope, Chief Executive Officer: “Due to challenges in certain markets, we expect a slight miss to our full year underlying sales growth delivery.

“Looking ahead to 2020, growth will be second-half weighted. While we expect improvement in H1 2020 versus this quarter, we expect that first half growth will be below 3%. Our full year underlying sales growth is expected to be in the lower half of the multi-year range.

“Growth remains our top priority and we are confident we have the right strategy and investment in place to step up our performance.”


Media Contacts

There will be a conference call held at 8am GMT on Tuesday 17th 2019:

UK Freefone: 0800 389 7473 / UK Direct: 01296 480 180
International direct: +44 1296 480 180
Global access numbers
Passcode: 661 502#

A replay will be available shortly after the call has finished:

UK Freefone: 0800 032 9687 / UK Direct: 0207 136 9233
Replay global access
Passcode: 22130004

Investor enquiries
+44 20 7822 6830

Media enquiries
(UK) Lucila Zambrano +44 7825 273767 /
(UK) Jonathan Sibun +44 7779 999683 /

(NL) Fleur van Bruggen +31 615 008293 /
(NL) Els de Bruin +31 10 217 4844 /

Safe Harbour

Where relevant, these actions are subject to the appropriate consultations and approvals.

This announcement may contain forward-looking statements, including 'forward-looking statements' within the meaning of the United States Private Securities Litigation Reform Act of 1995. Words such as 'will', 'aim', 'expects', 'anticipates', 'intends', 'looks', 'believes', 'vision', or the negative of these terms and other similar expressions of future performance or results, and their negatives, are intended to identify such forward-looking statements. These forward-looking statements are based upon current expectations and assumptions regarding anticipated developments and other factors affecting the Unilever Group (the 'Group'). They are not historical facts, nor are they guarantees of future performance.

Because these forward-looking statements involve risks and uncertainties, there are important factors that could cause actual results to differ materially from those expressed or implied by these forward-looking statements. Among other risks and uncertainties, the material or principal factors which could cause actual results to differ materially are: Unilever's global brands not meeting consumer preferences; Unilever's ability to innovate and remain competitive; Unilever's investment choices in its portfolio management; inability to find sustainable solutions to support long-term growth; the effect of climate change on Unilever's business; customer relationships; the recruitment and retention of talented employees; disruptions in our supply chain; the cost of raw materials and commodities; the production of safe and high quality products; secure and reliable IT infrastructure; successful execution of acquisitions, divestitures and business transformation projects; economic and political risks and natural disasters; financial risks; failure to meet high and ethical standards; and managing regulatory, tax and legal matters. These forward-looking statements speak only as of the date of this announcement. Except as required by any applicable law or regulation, the Group expressly disclaims any obligation or undertaking to release publicly any updates or revisions to any forward-looking statements contained herein to reflect any change in the Group's expectations with regard thereto or any change in events, conditions or circumstances on which any such statement is based. Further details of potential risks and uncertainties affecting the Group are described in the Group's filings with the London Stock Exchange, Euronext Amsterdam and the US Securities and Exchange Commission, including in the Annual Report on Form 20-F 2019 and the Unilever Annual Report and Accounts 2019.

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