Report
Pierre Tegner

Unilever Nv : Warning on the 2022 margin: limited financial impact

>Is seeking refuge in the status quo judicious? - Outperform rating maintained with a target price of € 58. This warning on the 2022 operating margin actually had a very limited impact on EPS forecasts (2022 revised down -6% and 2023 raised +1%). However, it strengthens the idea that the strategic status quo is difficult to sustain; which should lend weight to the voice of an activist such as Nelson Peltz. The unexpected warning on the deterioration in the opera...
Underlying
Unilever PLC

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.

Provider
Oddo BHF
Oddo BHF

​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.

Analysts
Pierre Tegner

Other Reports on these Companies
Other Reports from Oddo BHF

ResearchPool Subscriptions

Get the most out of your insights

Get in touch