Unilever: impressive margin improvement supporting our positive view
Unilever has reported strong H1 2024 results this morning. Although growth was generally in line with expectations, the key takeaway came from the massive underlying operating margin improvement (+250bps) leading to a significant margin guidance upgrade. Just over a year after Hein Schumacher joineUnilever is engaged in the supply of consumer goods in foods, household care and personal products. Co.'s activities are carried out through four categories: Personal Care, sales of skin care and hair care products, deodorants and oral care products; Home Care, sales of home care products, such as powders, liquids and capsules, soap bars and a range of cleaning products; Foods, sales of soups, bouillons, sauces, snacks, mayonnaise, salad dressings, margarines and spreads; and Refreshment, sales of ice cream and tea-based beverages. Co.'s products are sold in over 190 countries around the world.
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