Unilever: better-than-expected Q2 results

(CercleFinance.com) - Unilever reported a better-than-expected profit for Q2 on Thursday, as the FMCG group benefited from the strength of its most powerful brands, such as Dove and Magnum.


The Anglo-Dutch group reported organic growth of 4.1% for the quarter, below analysts' forecast of 4.4%.

But its operating income before non-recurring items jumped by 17% y-o-y to E6.1bn, against a consensus target of E5.4bn.

Meanwhile, its underlying operating margin rose by 2.5% to 19.6%.

Following this performance, Unilever still forecasts organic growth of 3% to 5% this year, with an underlying operating margin expected to be at least 18%.

Unilever shares were up over 5% on the London Stock Exchange in the morning, in pole position on the FTSE 100 index.


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