Home > Analyse
Actualite financiere : Actualite bourse

Unilever: confirms 2017 outlook at investor day.

(CercleFinance.com) - Consumer goods giant Unilever plans to confirm its outlook for 2017, as well as its medium-term targets, at the group's upcoming investor days.

For 2017, Unilever continues to expect underlying sales growth in a range of 3% to 5%, at least a 100-basis point improvement in its underlying operating margin, and "strong cash flow delivery."

The group also said that growth, which exceeds its markets, should, in current market conditions, translate into underlying sales growth of 3%-5% per year between now and 2020.

Separately, Unilever confirmed its target of an underlying operating margin of 20% by 2020.

Unilever, which is integrating its foods and refreshment divisions into a single business unit, said it intends to remain listed in both the Netherlands, the UK and the US, although will cancel the Unilever N.V. preference shares.

Unilever will hold its annual investor event on 29 and 30 November.

Copyright (c) 2017 CercleFinance.com. All rights reserved.