Unilever warning ahead of results

INTERNATIONAL – Unilever said this week that dropping sales have affected results for the third quarter, to be released next week.

However, in a statement, the company said that it is confident that it can offset the impact of lower sales by improving margins and ‘tax management’. The company also said that it will continue to invest in its leading brands, and predicted 5.5% growth for its ice cream brands.

The company also said that the effects of an unusually warm summer in Europe have been neutral: although ice cream sales rose, sales of products such as tea fell dramatically.