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Unilever (UNANA; A1, A+, A) {ULVR LN Equity}

CONSUMER STAPLES
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In-line results.

  • Sales +4.4% vs. c+3.6%, in-line by category with strong results from Beauty & Wellbeing (+7.4% vs. c+6%) - no read-through for us on staple like brands (dove, Vaseline) to rising star candidate and prestige beauty name Coty (see LVMH perfumes & cosmetics for that).
  • Similar growth in high 3%'s across major regions.
  • FY Guidance unch at +3-5% underling sales, ongoing buyback is €1.5b.
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In-line results.

  • Sales +4.4% vs. c+3.6%, in-line by category with strong results from Beauty & Wellbeing (+7.4% vs. c+6%) - no read-through for us on staple like brands (dove, Vaseline) to rising star candidate and prestige beauty name Coty (see LVMH perfumes & cosmetics for that).
  • Similar growth in high 3%'s across major regions.
  • FY Guidance unch at +3-5% underling sales, ongoing buyback is €1.5b.