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Unilever Says 1Q 2016 Revenue Performance Hurt By Currency Fluctuations, Deflation

April 14, 2016: 12:00 AM EST
Unilever reported underlying sales grew 4.7 percent in the first quarter of 2016, compared with the same quarter in the previous year. Sales growth slowed from 4.9 percent recorded in the fourth quarter of 2015, with the company blaming weaker volumes and deflation for the decline. According to the company, currency fluctuations reduced quarterly revenue by 7 percent.
Thomas Buckley, "Unilever Finds Growth More Elusive as Sales Meet Estimates", Bloomberg, April 14, 2016, © Bloomberg L.P.
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