NEW DELHI: Unilever Plc on Thursday withdrew its growth and margin outlook for 2020. The consumer giant said the covid-19 pandemic has wrecked havoc across economies, shifted demand patterns, and brought to halt out-of-home consumption of its brands. “We will continue to adapt throughout this crisis.
However, the unknown severity and duration of the pandemic, as well as the containment measures that may be adopted in each country mean that we cannot reliably assess the impact across our markets and our business.
We are therefore withdrawing our previous growth and margin outlook for 2020," Alan Jope, chief executive officer, Unilever, said in the company’s first quarter statement.