Unilever’s unscheduled update suggests a poor Q4 (1-1.5% organic sales growth expected), which will slightly drive down FY19 top-line growth. The main reasons are the South Asian and West African slowdowns. The group also gave guidance for FY20 sales growth, which is expected to be in the lower half of the multi-year range and more weighted towards the second half. Having already low expectations, we don’t see major changes in our target prices.
17 Dec 2019
Sales warning
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Sales warning
Unilever PLC (ULVR:LON) | 3,859 -115.8 (-0.1%) | Mkt Cap: 96,680m
- Published:
17 Dec 2019 -
Author:
Laura Parisot -
Pages:
3
Unilever’s unscheduled update suggests a poor Q4 (1-1.5% organic sales growth expected), which will slightly drive down FY19 top-line growth. The main reasons are the South Asian and West African slowdowns. The group also gave guidance for FY20 sales growth, which is expected to be in the lower half of the multi-year range and more weighted towards the second half. Having already low expectations, we don’t see major changes in our target prices.