Unilever plc (UL) has released an update.
Unilever plc has reported a robust start to 2024, with a first-quarter underlying sales growth of 4.4% and a notable turnover increase to €15.0 billion, a 1.4% rise compared to the previous year. The growth is attributed to the strong performance of its Power Brands, with the Beauty & Wellbeing sector leading with a 7.4% growth. Despite the impact of currency fluctuations and net disposals, Unilever is maintaining its 2024 outlook with anticipated underlying sales growth of 3-5% and an improvement in underlying operating margin.
For further insights into UL stock, check out TipRanks’ Stock Analysis page.
