Unilever 1Q Sales Results -- Forecast

FRANKFURT--The following is a summary of analysts' forecasts for Unilever NV (UN) first-quarter sales results, based on a poll of nine analysts conducted by Dow Jones Newswires (figures in million euros, margins in percent, dividend and target price in euro, according to IFRS). Earnings figures are scheduled to be released April 24.

=== 
 
                             Underl.Sales 
1st Quarter         Sales     growth rate 
 
AVERAGE            11,436             3.4 
Prev. Year         12,164             4.9 
+/- in %             -6.0             -31 
 
MEDIAN             11,437             3.3 
Maximum            11,634             3.8 
Minimum            11,275             3.0 
Amount                  9               9 
 
Berenberg          11,634             3.7 
Citigroup          11,479             3.4 
Credit Suisse      11,376             3.3 
Deutsche Bank      11,275             3.2 
Kepler Cheuvreux   11,294             3.1 
LBBW               11,546             3.8 
Morgan Stanley     11,437             3.0 
Theodoor Gilissen  11,484             3.5 
UBS                11,400             3.3 
 
 
             Target price  Rating                  DPS 2014 
 
AVERAGE             31.14  positive 3    AVERAGE       1.28 
Prev. Quarter       30.63  neutral  4    Prev. Year    1.08 
+/- in %             +1.7  negative 0    +/- in %       +18 
 
MEDIAN              32.50                MEDIAN        1.16 
Maximum             33.00                Maximum       1.84 
Minimum             27.00                Minimum       1.11 
Amount                  7                Amount           5 
 
Berenberg           32.50  Hold                        1.11 
Citigroup           30.00  Neutral                     1.11 
Deutsche Bank       33.00  Buy                         1.16 
Kepler Cheuvreux    33.00  Buy                         1.16 
Morgan Stanley      30.00  Equalweight                   -- 
Theodoor Gilissen   32.50  Buy                         1.84 
UBS                 27.00  Neutral                       -- 
=== 

Year-earlier figures are as reported by the company.

DJG/voi 

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