Disappointing Q1, which reflects more issues than we expected for Unilever. Stockpiling was finally offset by a drop in ice-cream sales and less out-of-home consumption, while supply chain disruptions should continue to hurt South Asian sales especially. We will lower our expectations.
23 Apr 2020
Disappointing performance (already) in Q1
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Disappointing performance (already) in Q1
Unilever PLC (ULVR:LON) | 3,975 536.6 0.3% | Mkt Cap: 99,586m
- Published:
23 Apr 2020 -
Author:
Laura Parisot -
Pages:
2
Disappointing Q1, which reflects more issues than we expected for Unilever. Stockpiling was finally offset by a drop in ice-cream sales and less out-of-home consumption, while supply chain disruptions should continue to hurt South Asian sales especially. We will lower our expectations.