Unilever beats sales forecasts despite coronavirus crisis

Alan Jope Unilever

Unilever surpassed its sales expectations despite turnover weakening in emerging markets due to the ongoing coronavirus pandemic.

The FMCG giant reported that turnover was down 1.6% to €25.7bn (£23.4bn) in the first half of the year while underlying sales were down 0.1%, beating the 4.3% drop predicted by analysts.

Underlying profit increased 3.8% year on year, while free cash flow climbed €1.3bn to €2.9bn as Unilever shored up its finances in the midst of the pandemic.

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