Unilever shelves performance forecasts
Anglo-Dutch producer of Slim.Fast decides to shed its performance forecasts for 2009 and 2010
Unilever has decided not to issue performance projections because of the
uncertainty in the economic climate.
The FTSE 100 company said it would not be releasing outlook targets for 2009
or reaffirming objectives for 2010.
The Anglo-Dutch giant, which produces brands including Hellmann’s Mayonnaise,
PG Tips and Persil Washing Up Liquid made the admission as it released its 2008
Chief executive Paul Polman said in a statement to the City yesterday: ‘Given
the current economic uncertainty I believe it would be inappropriate at this
stage to provide an outlook specifically for 2009 or to reaffirm the 2010
‘That said, I am confident in the underlying strength of the business and
over the longer term expect that we will deliver very competitive levels of
growth and margin improvement.’