reports
- Job Veenendaal
Unilever/Sales in line, starts €6bn share buyback
Unilever booked 3.4% organic growth in 1Q18, with all segments contributing positively and boosted by emerging markets. Growth was driven by volumes, as the pricing environment was soft. Euro strength caused a 9.8% negative FX impact on turnover. Unilever will start a €6bn share buyback programme in May and boosted the quarterly dividend by 8%.
- Hendrik Wiersma
- Jeroen van den Broek
- Job Veenendaal
- Nadège Tillier
Coffee, Croissants & Credit/Unilever sales in line; starts €6bn shar...
Unilever (UNANA) reported revenue of €12.6bn with underlying sales growth (USG) of 3.4% (in line with Bloomberg consensus) or 3.7% when excluding Spreads. Unilever confirmed its full year guidance and is reported to be on track to achieve its 2020 targets. Unilever announced that a €6bn share buyback programme will start in May to return the after-tax proceeds of the spreads disposal to shareholders, which is in line with Unilever's earlier intentions.
- Hendrik Wiersma
- Job Veenendaal
- Marina Le Blanc
- Maureen Schuller
- Nadège Tillier
- Suvi Platerink Kosonen
108W ARCELORMITTAL SOUTH AFRICA LTD
FLUX FLUXYS BELGIUM
LIGHT SIGNIFY NV
RENX REED ELSEVIER N.V. ADS
ASML ASML HOLDING N.V.
HEINY HEINEKEN N.V
UNLC UNILEVER COTE D`IVORE
ABNRY ABN AMRO GROUP N.V
KKPNY ROYAL KPN N.V. ADS
NNGRY NN GROUP NV
TLGHY TELENET GROUP HOLDING N.V. ADS
UCBJY UCB SA
BGAOY PROXIMUS ADR
BVT RELIANCE INFRASTRUCTURE LTD. GDR
WDISD WORDSMITH MEDIA INC.
- Hendrik Wiersma
- Jeroen van den Broek
- Job Veenendaal
- Marina Le Blanc
- Nadège Tillier
- Suvi Platerink Kosonen
Coffee, Croissants & Credit/Moody's takes action
Moody's has changed its outlook on Iberdrola (IBESM) from positive to stable. The rating is maintained at Baa1. Moody's takes note of the lower profitability performance in 2017. EBITDA declined c.8% due to weaker margins in the UK and in Spain. At the same time, net debt was 12% higher at €32.9bn. FFO/net debt weakened significantly from 18% to 14.5%. Moody's has put its Baa3 rating on RWE (RWE), its Baa2 on Innogy (IGYGY) and E.ON (EOANGR) on review for downgrade following the acquisition...
- Hendrik Wiersma
- Jeroen van den Broek
- Job Veenendaal
- Marina Le Blanc
- Nadège Tillier
- Suvi Platerink Kosonen
Coffee, Croissants & Credit/Strong quarter from Unilever, Shell result...
Unilever (UNANA) reported underlying operating profit of €9.4bn, up from €8.6bn a year earlier. This equates to an underlying operating margin of 17.5%, 110bp higher than in the prior year, which is in line with Unilever's guidance of a 100bp improvement in 2017 and a target of 20% by 2020. Neutral for spreads. Royal Dutch Shell (RDSA)'s YE17 results show strong improvement after the Brent oil price recovered in the course of 2017. Revenue increased 30% to US$312bn and YE17 EBITDA jumped 1...
- ING Helpdesk
Unilever CI Report Updated (October 2017)
UNILEVER in Côte d’Ivoire is the leader in the manufacturing of household cleaning products, personal & dental hygiene products and food production such as margarine, tea and mayonnaise. In December 2008, Unilever completed the sale of its edible oil business in Côte d'Ivoire together with its interests in local oil palm plantations, Palmci and PHCI. At the same time it has acquired the soap business of Cosmivoire, an Ivorian producer with a market presence throughout Francophone West Africa. Co...
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