date:Jul 26, 2019
arly in the emerging markets of China, India and South East Asia. Argentina remains hyperinflationary and high levels of pricing continue to weigh on consumer demand.
Turnover in this period decreased 0.9 percent, driven by the 6.825 billion sale of the brands Spreads business to private-equity firm KKR, partially offset by a currency benefit of 1.1 percent. Underlying operating margin improved by 50 basis points (bps). Gross margin was up 30bps, helped by efficiencies from Unilevers 5S program