Unilever’s new CEO Hein Schumacher is set to lay out his strategy for the consumer giant.
reported revenues declined 3.8 percent in its third quarter to 15.2 billion euros amid a flurry of announcements, including the sale ofsaid reported sales were down due mainly to currency headwinds and disposals in the period. On an underlying basis, sales rose 5.2 percent in the three months to Sept. 30.is also due to present his strategy for the company, which will focus on faster growth, greater productivity and simplicity, “powered by a stronger performance culture.
The company said it will deliver a “modest improvement” in underlying operating margin for the full year, reflecting higher gross margin and increased investment behind its brands. Prestige, health and wellbeing brands grew “strongly” said the consumer giant, with drivers including Dermalogica, Tatcha and Hourglass. Other top performers were Nutrafol and Liquid IV which launched a range extensions into sugar-free formulas and hydration solutions for children.
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