Unilever reports 4.1% sales growth, margin improvement, strong volume growth, and upcoming capital markets day.

From Morningstar: 2024-07-25 20:46:00

Unilever reported first-half results with underlying sales growth of 4.1%, slightly below consensus. Margins improved substantially, operating margin up by 250 basis points to 19.6%. Volume growth accelerated to 2.9% in Q2, driven by beauty and supplements. The company announced a capital markets day in London on Nov. 22, 2024.

Despite consumer downtrading, Unilever’s core categories like beauty and personal care showed solid volume growth in Q2. Home care and nutrition margins expanded significantly, while ice cream disappointed with weak volumes. Fair value estimates remain steady at £43.80/€52/$56, with shares appearing fairly valued. Morningstar metrics include a Wide Economic Moat and Low Uncertainty Rating.



Read more at Morningstar: Unilever Earnings: Growth in a Challenging Market