Unilever Q1 sales developed markets growing 2.8%
Underlying sales growth was 0.0% with 0.2% from volume and negative 0.2% from price.
Developed markets grew 2.8% whilst emerging markets declined 1.8%.
China declined as a result of the downturn in food service, out of home ice cream and retail sales during the lock-down.
Growth in India was impacted by both the slowing market and the lock-down implemented at the end of March, which stopped production and shipping for a number of days.
Latin America grew 4.9% whilst South East Asia was mixed, following the introduction of strict restrictions in the Philippines.
North America and Europe benefitted from household stocking, despite a decline in food service and ice cream.
E-commerce grew as shoppers moved from offline to online channels.
Turnover increased 0.2%.
There was a positive impact of 0.6% from acquisitions net of disposals and a negative impact of 0.4% from currency. ■