Unilever released its Q3 trading update. Underlying sales grew +3.2% (cons. 2.9%) driven by pricing +3.6% and slightly negative volumes (-0.4%). On reported figures, Q3 is flat (FX: -3.4%, net acquisitions: +0.2%). USG by division: PC +3.1% (price driven), Foods +1.7% (price driven), Refreshments +4.5% (price & volume driven), HC +3.9% (price driven). The company maintained its FY guidance and expects USG to arrive somewhere at around 4% for the FY.
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