Unilever PLC : 2023 results in line but with KPIs that should be well received
>Outperform maintained: positive reaction likely - Outperform rating maintained with a target price of € 58. We continue to see in Unilever long-term re-rating potential via a refocusing that would reduce the group’s hybrid status (conglomerate). In the medium term, the new management’s focus on operations has been a cause for disappointment. But the 2023 results show that the gradual improvement in operations is on the right track with 1/ a return to positive growth ...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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