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Unilever beats first-quarter expectations

Unilever beats first-quarter expectations

Unilever (ULVR) reported underlying sales growth of 3.1 per cent during the first quarter, beating market expectations thanks to a mix of price increases and volume growth. However, reported sales fell 1.6 per cent to €12.4bn (£10.7bn) due to the sale of the spreads business in July last year.

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