LONDON — Unilever, whose products range from ice cream to shampoo, reported a 6.5 percent drop in third-quarter revenue to 12.5 billion euros, or $16.5 billion. The company cited a negative currency impact of 8.5 percent and a lack of improvement in the company’s North American and European markets.
Unilever said underlying sales growth was 3.2 percent, fueled by emerging markets, which rose 5.9 percent. However, overall growth slowed from 5 percent in the second quarter, and 4.9 percent in the first.
“Emerging markets continue to be the main driver of our growth and, despite the current slowdown, they remain a significant growth opportunity which the company is well-placed to capitalize on,” said Paul Polman, Unilever’s chief executive officer. “We have not yet seen an improvement in market conditions in North America or Europe.”
The company said its hair category performed well, with Clear delivering double-digit growth and TRESemmé making good progress in new markets such as India and Indonesia. Unilever continues to launch Toni&Guy into new markets, including the U.S.
In skin care, Unilever said growth was driven by strong performances by Dove and Lifebuoy, while the improved Dove NutriumMoisture shower gels “delivered strong results.”
In the nine months, revenues dropped 2 percent to 38 billion euros, or $50.2 billion, with a negative impact of 5 percent from foreign exchange rates.
Dollar rates have been calculated at average exchange rates for the periods in question.
The company’s shares were down 0.7 percent to 28.79 euros at 9.10 a.m. CET.