Unilever: medium-term forecasts confirmed, share price rises

(CercleFinance.com) - Unilever reaffirmed its medium-term targets on Friday at an investor day in London, an announcement that boosted the FMCG manufacturer's share price.


Following the demerger of its ice cream business, which should be completed by the end of 2025, the Anglo-Dutch group confirmed that it expects to generate organic annual sales growth of around 5%, driven by underlying sales volume growth of at least 2%.

Unilever also expects a "moderate" increase in its recurring operating margin, notably as a result of measures to improve productivity.

The company has declared that it is well on the way to completing its €800 million productivity program.

The company's new 'Growth Action Plan 2030' will focus on the Indian market, prestige and wellness brands, and on premiumizing its offer in Europe and the United States, a market where it also intends to accelerate growth.

The presentation was welcomed by investors on the Amsterdam stock exchange, where Unilever shares were up by more than 3% by the end of the afternoon.

'There are several signs that Unilever is making progress with its reorganization and new strategy, even if it will take some time to bear fruit', commented RBC analysts.

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