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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 | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 47.59 | 47.02 | 47.70 | 0.00 | 01:00:00 |
By Michael Susin
Unilever PLC reported Thursday an increase in net profit for 2021, beating market expectations for the year, and said it plans to launch a share buyback program worth up to $3.43 billion.
The Anglo-Dutch retailer--which owns consumer brands such as Ben & Jerry's ice cream and Dove soap--posted a net profit of 6.05 billion euros ($6.91 billion) for the year compared with EUR5.58 billion for 2020 and a consensus of EUR5.79 billion, taken from FactSet and based on 11 analysts' estimates.
Adjusted operating profit--one of the company's preferred metrics, which strips out exceptional and other one-off items--was EUR9.6 billion compared with EUR9.4 billion in 2020 and a company-compiled consensus of EUR9.51 billion.
Unilever said it is planning a share buyback program worth up to EUR3 billion for 2022-23, which is expected to start in the first quarter.
Turnover rose to EUR52.44 billion from EUR50.72 billion for the year-earlier period, driven by a positive impact of acquisitions despite currency exchange headwind. Turnover was expected to rise to EUR52.11 billion for 2021.
The board declared a fourth-quarter dividend of EUR0.4268 a share, the same as the previous year.
Write to Michael Susin at michael.susin@wsj.com
(END) Dow Jones Newswires
February 10, 2022 02:49 ET (07:49 GMT)
Copyright (c) 2022 Dow Jones & Company, Inc.
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