Unilever: organic growth exceeds expectations
The FMCG giant reported organic growth of 4.4% for the first three months of the year, compared with a 3% rise expected by financial analysts, according to a consensus provided by the company.
This figure includes volume growth of 2.2%, to which a favorable price effect, also of 2.2%, was added.
Deutsche Bank analysts commented this morning: "While the impact of price increases is likely to diminish, we expect it to continue to make a positive contribution to earnings over the rest of the year.
In a press release, the Group points out that its performance was driven by demand for its power brands, such as Dove, Knorr, Rexona and Sunsilk, which achieved organic growth of 6.1% in the quarter.
Growth in its beauty products business - which accounts for more than 20% of sales - was particularly strong. - stood out in particular, with organic growth of 7.4% over the first three months of the year.
The Anglo-Dutch group confirmed that it expects organic sales growth of between 3% and 5% for the year as a whole, accompanied by a moderate increase in its current operating margin.
On the London Stock Exchange, Unilever shares gained over 4% early Thursday morning.
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