Knorr cub - Unilever

Unilever - maker of Knorr - has issued a profit warning

Unilever has warned that weakening growth in many emerging countries will result in a slowdown in its underlying sales growth in the third quarter, behind analysts’ forecasts.

The group said in a statement after the market closed yesterday it expected underlying sales growth of just 3-3.5% in the period, compared with growth of 5% in the second quarter.

“We continue to grow ahead of our markets and expect underlying sales growth to improve in quarter four. For 2013 we are still on course to deliver against our priorities of profitable volume growth ahead of our markets, steady and sustainable core operating margin improvement and strong cash flow,” said Paul Polman, chief executive officer.