By Michael Susin
Unilever PLC said Tuesday that it expects underlying sales growth for the entire year to exceed previous guidance, driven by higher prices, although volumes are forecast to be under great pressure.
The Anglo-Dutch retailer–which owns consumer brands such as for example Ben & Jerry’s ice cream, Dove soap and Cif and Domestos cleaning products–said it currently sees underlying sales growth prior to the previously guided selection of 4.5% to 6.5%.
“The medium-term macroeconomic and cost inflation outlooks are uncertain and volatile, but delivering growth remains our first priority. From this backdrop, we continue steadily to be prepared to improve margin in 2023 and 2024, through pricing, mix and savings,” it said.
The business posted underlying sales growth of 8.1% for the initial half of the entire year, with a loss of 1.6% in volumes and a rise of 9.8% in prices. Analysts’ consensus for underlying sales growth was 7.2%, in accordance with a forecast extracted from the business’s website.
For the next quarter, sales growth came in at 8.8%, beating the business’s compiled consensus of 7%.
The business said first-half pretax profit was 4.36 billion euros ($4.46 billion) weighed against EUR4.37 billion per year earlier.
Turnover came in at EUR29.6 billion, including EUR15.8 billion in the next quarter. Analysts expected half year and second quarter turnover of EUR29.04 billion and EUR15.26 billion, respectively.
The board declared a quarterly dividend of 42.68 European cents a share, exactly the same amount are you aware that first 1 / 2 of 2021.
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