Unilever: 2018 EPS exceeds expectations

(CercleFinance.com) - Unilever has published 2018 net income that is up 51.
2% at 9.8 billion euros, or 3.48 euros per share.

Underlying EPS rose by 5.2% to 2.36 euros, beating the market consensus by three cents.

The Anglo-Dutch group's underlying operating margin improved by 90 basis points to 18.4% for revenues of 51 billion euros, down 5.1% as reported, although up 3.1% in underlying terms and excluding its "spreads" activities.

For 2019, the consumer goods giant (Axe, Cif, Dove, Lipton, etc.) is looking for - again in underlying terms - an improvement in its operating margin and sales growth in the lower half of its multi-year target range of 3% to 5%.



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