reports
- Fernand de Boer
Unilever - Sales growth beating, FY guidance maintained
Underlying sales growth exceeded expectations with both volume growth and price beating. Unilever maintained its FY24 guidance, expecting an increasing contribution from volume growth.Based on the Q1 trading update we expect to marginally raise our estimate for underlying sales, and also CSS to move up, but bottom line impact to be limited.We maintain our Hold rating and TP of EUR 51 p/s
- Fernand de Boer
Unilever - Separating Ice Cream, more restructuring
Unilever announced to separate Ice Cream in order to accelerate its Growth Action Plan. It also announces a new restructuring plan.We welcome the separation, but regret more restructuring charges. We also would have liked Unilever to step up its growth ambitions.We maintain our Hold rating.
- ING Helpdesk
Benelux Morning Notes
ArcelorMittal: 4Q23 EBITDA beats by 5%, solid FCF. Ayvens: Messier than expected. Barco: 2H23 results, less topline decline, weak cash generation. Flow Traders: Low Flow. KBC: 4Q reasonable, DPS low, new targets show cost drive, NII 2024 guidance in line. Lotus Bakeries: Opening of its first production facility for Näkd. Montea: FY results in line, further fiscal one-offs might drive more generous dividend. Ontex: Out of the shadow, into the light. Recticel: Peer Rockwool FY23 re...
- Fernand de Boer
Unilever - Solid volumes, gross margin recovering
Sales and margins exceeded expectations, offset by a higher than expected forex impact. Outlook in line with our expectation, but consensus could move up by some 2%. Despite the progress on volumes and gross margin, the company is not happy with the performance and is aiming for further improvement. We maintain our Hold rating and TP of EUR 51.
- MarketLine Department
PZ Cussons Nigeria Plc - Company Profile and SWOT Analysis
Summary PZ Cussons Nigeria Plc - Company Profile and SWOT Analysis, is a source of comprehensive company data and information. The report covers the company's structure, operation, SWOT analysis, product and service offerings and corporate actions, providing a 360˚ view of the company. Key Highlights PZ Cussons Nigeria plc (PZ Cussons Nigeria), a subsidiary of PZ Cussons Plc, manufacturers, distributes, and markets consumer products. The company’s product portfolio includes soaps, detergents,...
- MarketLine Department
Orkla ASA - Mergers & Acquisitions (M&A), Partnerships & Alliances
Summary Marketline's Orkla ASA Mergers & Acquisitions (M&A), Partnerships & Alliances and Investments report includes business description, detailed reports on mergers and acquisitions (M&A), divestments, capital raisings, venture capital investments, ownership and partnership transactions undertaken by Orkla ASA - Mergers & Acquisitions (M&A), Partnerships & Alliances since January2007. Marketline's Company Mergers & Acquisitions (M&A), Partnerships & Alliances and Investments reports offer a...
- MarketLine Department
PZ Cussons Plc - Strategy, SWOT and Corporate Finance Report
Summary PZ Cussons Plc - Strategy, SWOT and Corporate Finance Report, is a source of comprehensive company data and information. The report covers the company's structure, operation, SWOT analysis, product and service offerings and corporate actions, providing a 360˚ view of the company. Key Highlights PZ Cussons Plc (PZ Cussons) is a manufacturer and marketer of consumer products. The company offers food and nutrition, electrical, personal care, baby care, and home care products. Its product...
Unilever N.V.: 1 director
A director at Unilever N.V. bought 1,411 shares at 43.840EUR and the significance rating of the trade was 54/100. Is that information sufficient for you to make an investment decision? This report gives details of those trades and adds context and analysis to them such that you can judge whether these trading decisions are ones worth following. Included in the report is a detailed share price chart which plots discretionary trades by all the company's directors over the last two years clearly ...
- ING Helpdesk
Benelux Morning Notes
Arcadis: Good results, Places reasonably solid. Belysse: A decent quarter, outlook revised down slightly. BESI: 2H23 in line, strong 2024 prospects. CM.com: 3Q23 trading update, continued gross profit growth. Corbion: Death by a thousand cuts. Flow Traders: Strong revenue capture overpowers lower volumes. Fugro: Strong 3Q and resumption of dividend. Kinepolis: Very strong 3Q23, net debt down €28m, EBITDAL YTD in excess of 2019. Unilever: New management, new strategy. Xior Stude...
- Fernand de Boer
Unilever - Sales in line, new action plan and new CFO
Underlying sales growth was in line with expectations although volumes were somewhat weakFernando Fernandez becomes the new CFO, Hanneke Faber (Nutrition) will leave the company. Unilever also announced a new action plan, to improve its performanceWe maintain our Hold rating but lower our TP to EUR 51 to reflect lower peer group multiples
- MarketLine Department
S.C. Johnson & Son, Inc. - Mergers & Acquisitions (M&A), Partnerships ...
Summary Marketline's S.C. Johnson & Son, Inc. Mergers & Acquisitions (M&A), Partnerships & Alliances and Investments report includes business description, detailed reports on mergers and acquisitions (M&A), divestments, capital raisings, venture capital investments, ownership and partnership transactions undertaken by S.C. Johnson & Son, Inc. - Mergers & Acquisitions (M&A), Partnerships & Alliances since January2007. Marketline's Company Mergers & Acquisitions (M&A), Partnerships & Alliances a...
- Reg Watson
- CFA
Unilever/Turning the corner/BUY
Unilever reported its first half results today and upgraded its Underlying Sales Growth (USG) guidance for 2023 while maintaining its margin guidance. We have updated our estimates for the year with a 6.3% increase in revenue and 4% increase in net profit. We believe that the company is being overly conservative on the margin outlook and maintain our 12-month target price of €58.90. At €58.90, Unilever would be trading on a 2023F PER of 20.9x, comparing favourably with the peer group average of ...
- Fernand de Boer
Unilever - Sales and margins beating
Q2-23 underlying sales growth and H1-23 underlying margin exceeded expectation, resulting in a 38% beat in adj EPS for H1-23.We expect the margin outlook to be the key focus point of today's conference call, and we expect estimates for operating profit to go up by at least 5%We maintain our Hold rating but raise our 12m TP to EUR 55
Reckitt Wins First-Ever Gold Lion & Total of Six Wins at Annual Cannes...
Reckitt Wins First-Ever Gold Lion & Total of Six Wins at Annual Cannes Lions Festival of Creativity Gold Lion awarded in coveted Creative Strategy category for Me, My Autism & I campaignFabrice Beaulieu recognized as Brand Advertiser of the Year by Act Responsible CANNES, France, June 23, 2023 (GLOBE NEWSWIRE) -- Reckitt, the company behind some of the world’s most recognizable and trusted consumer brands, was awarded six Cannes Lions – including its first-ever Gold Lion - at the 70th Cannes Lions Festival of Creativity, the most prestigious international advertising and creativity sho...
- MarketLine Department
Orkla ASA - Strategy, SWOT and Corporate Finance Report
Summary Orkla ASA - Strategy, SWOT and Corporate Finance Report, is a source of comprehensive company data and information. The report covers the company's structure, operation, SWOT analysis, product and service offerings and corporate actions, providing a 360˚ view of the company. Key Highlights Orkla ASA (Orkla) is a supplier of branded consumer goods and concept solutions to grocery, bakery and out-of-home markets. The company’s products portfolio includes margarine and butter blends, mar...
- ING Helpdesk
Unfortunately, this report is not available for the investor type or country you selected.
Report is subscription only.
Thank you, your report is ready.
Thank you, your report is ready.