Unilever 4Q Sales 2013 -- Forecast

FRANKFURT--The following is a summary of analysts' forecasts for Unilever NV (UN) fourth-quarter results, based on a poll of eight 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 January 21.

=== 
                                            Underl.Sales 
                              Underl.Sales   growth rate 
4th Quarter            Sales   growth rate            FY 
 
AVERAGE               11,992           3.9           4.2 
Prev. Year            12,562           7.8           6.9 
+/- in %                -4.5           -50           -39 
 
MEDIAN                11,940           3.9           4.2 
Maximum               12,228           4.1           4.3 
Minimum               11,817           3.5           4.1 
Amount (a)                 8             6             7 
 
Berenberg             12,119           3.8           4.2 
Citigroup             11,931           3.7           4.2 
Deutsche Bank         11,842           4.1           4.3 
J.P. Morgan           11,942           4.1           4.3 
Kepler Cheuvreux      12,228           4.0           4.2 
Theodoor Gilissen     11,937           3.5           4.1 
 
 
 
              Target price  Rating                 DPS 2013 
 
AVERAGE              30.63  positive 2    AVERAGE      1.07 
Prev. Quarter        33.32  neutral  2    Prev. Year   0.97 
+/- in %              -8.1  negative 2    +/- in %      +10 
 
MEDIAN               31.25                MEDIAN       1.08 
Maximum              33.00                Maximum      1.08 
Minimum              27.00                Minimum      0.99 
Amount                   6                Amount          6 
 
Berenberg            32.50  Hold                       1.08 
Citigroup            30.00  Neutral                    1.08 
Credit Suisse        28.75  Underperform               1.08 
J.P. Morgan          27.00  Underweight                1.08 
Kepler Cheuvreux     33.00  Buy                        1.08 
Theodoor Gilissen    32.50  Buy                        0.99 
=== 

Year-earlier figures are as reported by the company.

(a) Including anonymous estimates from two more analysts.

DJG/voi 

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