Report
Pierre Tegner

Unilever PLC : Results in line. 2023 guidance preserves the status quo

>Outperform maintained - Outperform rating maintained with a target price of € 58. The publication of 2022 results and the 2023 outlook should get neutral or to positive reception if investors see this as a confirmation that inflationary pressures are subsiding. Pending the arrival of the new CEO (July), that the status quo should be maintained is not surprising. The potential is based more on the medium/long term. With a P/E 2023e of <17x, the share is valued as...
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

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