Consumer goods maker Unilever reported lower-than-expected second quarter sales on Thursday, hurt by a Brazilian transport strike and weak pricing.
The Anglo-Dutch maker of Ben & Jerry's ice cream, Dove soap and Hellmann's mayonnaise said underlying sales rose 1.9 percent, excluding the recently divested spreads business.
On that basis, analysts on average were expecting growth of 2.3 percent.
“What you see behind these results is actually a strengthening again of the volume component which for us is the most important,” Unilever CEO Paul Polman told CNBC’s Willem Marx on Thursday.
“When we had a lot of pricing (power), analysts were worried about us not having volume. Now we have four quarters in a row of continuous volume expansion (and) some analysts are worried about our pricing power. I just wonder if they are always worried,” he added.