Unilever Nv : EPS at -1.5% in H1 vs consensus of -8.1%. Operating margin contraction weaker than expected and reassuring adjustment of guidance
>Outperform maintained and positive reaction expected - Outperform rating maintained. We continue to think that the group's continued strategic refocusing combined with a degree of operational diversification that is well identified by investors is a medium-term re-rating factor. Despite its recovery over the past three months, the stock has clearly underperformed over 12 months and YTD due to 1/ exposure to emerging markets, which is penalising in terms of forex and ...Unilever is a consumer goods manufacturing group based in the United Kingdom. Co. is engaged in supplying consumer goods in the refreshments, foods, home and personal product categories. Co. supplies its consumers product for nutrition, hygiene and personal care and is active in emerging markets in Asia, Africa, Central & Eastern Europe and Latin America. Co.'s portfolio includes such well-known brands as Knorr, Lipton, Hellmann's, Magnum, Omo, Dove, Lux and Axe/Lynx. Co. manages its brands under the following four category headings: savoury, dressings and spreads; ice cream and beverages; personal care; and home care. 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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