Unilever Nv : Q1 up +2% l-f-l excluding COVID effects and a relatively reassuring message on the margin
>Reassuring message on margins - The fall in the share price at the start of trading yesterday (-4% to -5%) illustrated the extent of the negative surprise caused by the stable organic growth in Q1 whereas forecasts were for +1% to +2% and P&G like its other food HPC peers had reported growth that showed that the lockdown measures had been favourable to them (hygiene shock, shift from out of home to at home, stockpiling). The management’s message on the different leve...Unilever 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.
Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.
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