Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
Settings
Settings
Dynamic quotes 
OFFON

4-Traders Homepage  >  Equities  >  London Stock Exchange  >  Unilever    ULVR   GB00B10RZP78

UNILEVER (ULVR)
Mes dernières consult.
Most popular
  Report  
Real-time Quote. Real-time Cboe Europe - 06/18 01:55:16 pm
4051.5 GBp   -0.37%
01:27pUNILEVER - THE : four life-changing reasons to enter
AQ
12:55pUnilever takes stand against digital media's fake followers
RE
12:53pUnilever takes stand against digital media's fake followers
RE
SummaryQuotesChartsNewsAnalysisCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsofficial PublicationsSector newsTweets
OFFRE ETE Zonebourse : Jusqu'à 6 mois offerts sur tous les portefeuilles

Unilever : signals likely FTSE exit as Brazil strike hits sales

share with twitter share with LinkedIn share with facebook
share via e-mail
0
06/14/2018 | 01:25pm CEST
The company logo for Unilever is displayed on a screen on the floor of the NYSE

LONDON (Reuters) - Unilever is "extremely unlikely" to stay in Britain's FTSE 100 blue chip share index <.FTSE> after the consumer products company moves its headquarters to the Netherlands.

Unilever also said on Thursday that a truckers strike in Brazil would hit sales more than expected, contributing to a 4 percent drop in the company's shares.

The group said the strike in Brazil last month - which prevented all deliveries to factories or stores for 11 days - would reduce second-quarter sales by 150 million euros (132 million pounds).

That translates to about 120 basis points of sales growth for the second quarter and 60 basis points for the half year, Chief Financial Officer Graeme Pitkethly said.

He said Unilever's overall sales growth for the first half of the year would be below its full-year target range of 3 to 5 percent because of the strike, but it would be in that range for the full year.

Liberum analyst Anubhav Malhotra estimated the strike would cost Unilever 10 to 15 basis points of organic sales growth for the full year and no more than a 1 percent reduction in earnings-per-share consensus.

"The magnitude was a bit higher than some of us would've expected," Malhotra said. Brazil accounts for about 6 percent of Unilever sales.

FTSE-LOOSE

Unilever said in March that Rotterdam would be its headquarters in a blow to Britain just before Brexit. The group is ditching its dual-headed legal structure to simplify the company and give it greater flexibility when doing mergers and acquisitions.

Pitkethly said that after extensive engagement with listings group FTSE Russell, it was clear its new shares were "extremely unlikely" to be included in the FTSE UK series.

The group has certain listing requirements and analysts had previously predicted that Unilever would not meet them.

"We understand and appreciate that a departure from the FTSE index has negative implications for some investors that are benchmarked to it, however simplification is the right thing for the company and our shareholders as a whole," Pitkethly said.

"We'll be maintaining a premium listing in London and we would hope that those investors who are impacted have got sufficient flexibility in their portfolios to continue to hold Unilever."

Pitkethly said he expected the shares would be likely to have increased weighting in pan-European indices instead.

The company is on track to send out documentation about the move early in the third quarter, ahead of shareholder votes at the end of the third quarter, with the change being completed by the end of the year.

(Reporting by Martinne Geller; Editing by Alexander Smith and Jane Merriman)

By Martinne Geller

Stocks treated in this article : Unilever (NL), Unilever
Stocks mentioned in the article
ChangeLast1st jan.
UNILEVER (NL) -0.63% 46.68 Delayed Quote.0.03%
share with twitter share with LinkedIn share with facebook
share via e-mail
0
Latest news on UNILEVER
01:27pUNILEVER - THE YOUNG ENTREPRENEURS A : four life-changing reasons to enter
AQ
12:55pUnilever takes stand against digital media's fake followers
RE
12:53pUnilever takes stand against digital media's fake followers
RE
07:21aUNILEVER : Beat the challengers
AQ
06/17Unilever Demands Influencer Marketing Business Clean Up Its Act
DJ
06/17UNILEVER : Sustainable Brands Vancouver Redesigns the Good Life
AQ
06/15British M&A booms two years on from Brexit vote
RE
06/15UNILEVER : leaving
AQ
06/15UNILEVER : set to exit FTSE after ditching London
AQ
06/14UNILEVER : inks deals for possible Egypt investments
AQ
More news
News from SeekingAlpha
06/15Unilever (UL) Presents At Deutsche Bank dbAccess 2018 Annual Global Consumer .. 
06/14The 'Value' Stock That Traditional Value Investors Can't See 
06/12DIVIDEND SENSEI'S PORTFOLIO UPDATE 3 : Why The Stock Market Might Soar 22% In Th.. 
06/05Taking A Closer Look At Unilever 
06/04DIVIDEND SENSEI'S PORTFOLIO UPDATE 3 : How Warren Buffett's True Secret To Succe.. 
Financials (€)
Sales 2018 51 617 M
EBIT 2018 9 380 M
Net income 2018 6 097 M
Debt 2018 20 760 M
Yield 2018 3,29%
P/E ratio 2018 18,83
P/E ratio 2019 20,05
EV / Sales 2018 3,05x
EV / Sales 2019 3,04x
Capitalization 137 B
Chart UNILEVER
Duration : Period :
Unilever Technical Analysis Chart | ULVR | GB00B10RZP78 | 4-Traders
Technical analysis trends UNILEVER
Short TermMid-TermLong Term
TrendsNeutralNeutralNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 16
Average target price 50,3 €
Spread / Average Target 8,1%
EPS Revisions
Managers
NameTitle
Paulus Gerardus J. Polman Chief Executive Officer & Executive Director
Marijn E. Dekkers Chairman
Graeme David Pitkethly Chief Financial Officer & Executive Director
David Blanchard Chief Research & Development Officer
May Lung Cha Independent Non-Executive Director
Sector and Competitors
1st jan.Capitalization (M$)
UNILEVER-1.43%158 745
PROCTER & GAMBLE COMPANY-17.29%194 580
UNILEVER (NL)0.03%159 294
UNILEVER NV (ADR)-2.77%159 267
ESTEE LAUDER COMPANIES24.20%58 003
RECKITT BENCKISER-10.97%57 738