PLUS1
| Share Name | Share Symbol | Market | Type |
|---|---|---|---|
| Unilever PLC | EU:UNA | Euronext | Ordinary Share |
| Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| -0.13 | -0.3% | 43.395 | 43.39 | 43.40 | 43.835 | 43.05 | 43.545 | 1,794,363 | 16:24:36 |
Unilever 1Q Turnover Rose Above Market Views Amid Higher Inflation
28/04/2022 8:05am
Dow Jones News
Unilever (EU:UNA)
Historical Stock Chart
From Apr 2022 to Jun 2022
By Michael Susin
Unilever PLC said Thursday that first-quarter turnover and sales rose above market expectations despite higher input costs, which it expects to normalize in 2023 and 2024.
The Anglo-Dutch multisector retailer--which owns consumer brands such as Ben & Jerry's ice cream, Dove soap and Cif and Domestos cleaning products--said turnover in the period rose 11.8% to 13.8 billion euros ($14.57 billion). This compares with a consensus forecast of EUR13.24 billion, taken from the company's website.
The company's underlying sales growth rose 7.3% on year compared with a company-provided consensus forecast of 4.4%.
Unilever said it will take further pricing action to face inflation headwinds, which is expected to effect sales volumes as a result.
"We now expect underlying sales growth in 2022 to be towards the top end of the previously guided range of 4.5% to 6.5%. We will ensure that we protect the health of our brands as we continue to invest competitively", it said.
The board declared a quarterly dividend of EUR0.4268 a share, unchanged from the year-ago period.
Write to Michael Susin at michael.susin@wsj.com
(END) Dow Jones Newswires
April 28, 2022 02:50 ET (06:50 GMT)
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