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Unilever Says Weak Demand In China Hurts 3Q 2014 Sales

October 23, 2014: 12:00 AM EST
Unilever said sales grew 2.1 percent in the third quarter of 2014, weaker than analysts' 3.7 percent growth forecast. According to the company, sales in China dropped 20 percent after retailers reduced their stocks due to slowing demand. The slowdown in China adversely affected the company's global sales, Unilever CEO Paul Polman said. Sales volume rose 0.3 percent, compared with the 1.8 percent growth expected by analysts.
John Ficenec, "Unilever warns on 'sharp' China slowdown", The Telegraph, October 23, 2014, © Telegraph Media Group Limited
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