Unilever: beats consensus in 2019
(CercleFinance.com) - Unilever has published 2019 underlying EPS that is up 8.
1% at 2.55 euros, beating the market consensus by three cents, with a 50-bp improvement in its underlying operating margin to 19.1%.
The consumer goods giant, whose products include Axe, Cif, Dove, Lipton, etc., posted sales of 52 billion euros, up 2% as reported and up 2.9% in underlying terms (volumes +1.2% and prices +1.6%).
Unilever says that "In 2020, our underlying sales growth is expected to be in the lower half of the multi-year 3-5% range," with it still anticipating an improvement in its operating margin.
Copyright (c) 2020 CercleFinance.com. All rights reserved.
1% at 2.55 euros, beating the market consensus by three cents, with a 50-bp improvement in its underlying operating margin to 19.1%.
The consumer goods giant, whose products include Axe, Cif, Dove, Lipton, etc., posted sales of 52 billion euros, up 2% as reported and up 2.9% in underlying terms (volumes +1.2% and prices +1.6%).
Unilever says that "In 2020, our underlying sales growth is expected to be in the lower half of the multi-year 3-5% range," with it still anticipating an improvement in its operating margin.
Copyright (c) 2020 CercleFinance.com. All rights reserved.