Unilever 1st Half 2014 -- Forecast

FRANKFURT--The following is a summary of analysts' forecasts for Unilever NV (UN) 1st half-year results, based on a poll of seven 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 July 24.

=== 
 
                              Underl.Sales    Op. Marg. 
1st half-year         Sales    growth rate    reported 
AVERAGE              24,252            3.9        13.8 
Prev. Year           25,500            5.0        15.3 
+/- in %               -4.9            -21        -9.6 
 
MEDIAN               24,234            4.0        13.8 
Maximum              24,438            4.1        13.9 
Minimum              24,131            3.7        13.8 
Amount                    7              6           4 
 
Berenberg            24,131            4.1        13.8 
Credit Suisse        24,234            3.8          -- 
Deutsche Bank        24,203            3.7        13.8 
Helvea               24,308            4.0        13.9 
Jefferies            24,248            3.9          -- 
Morgan Stanley       24,438             --          -- 
Theodoor Gilissen    24,200            4.1        13.8 
 
 
             Target price  Rating                  DPS 2014 
 
AVERAGE             31.83  positive 3    AVERAGE       1.10 
Prev. Quarter       31.14  neutral  4    Prev. Year    1.08 
+/- in %             +2.2  negative 0    +/- in %      +2.1 
 
MEDIAN              31.75                MEDIAN        1.11 
Maximum             34.00                Maximum       1.16 
Minimum             29.00                Minimum       1.03 
Amount                  6                Amount           4 
 
Berenberg           33.50  Hold                        1.14 
Deutsche Bank       34.00  Buy                         1.16 
Helvea              32.50  Buy                           -- 
Jefferies           29.00  Hold                        1.08 
Morgan Stanley         --  Equalweight                   -- 
Theodoor Gilissen   31.00  Buy                         1.03 
UBS                 31.00  Neutral                       -- 
=== 

Year-earlier figures are as reported by the company.

DJG/err 

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