Unilever share price: what to expect from its Q3 results
The British-Dutch consumer goods company has seen decent underlying sales growth over its first six months, though still below expectations, with investors hoping for a stronger performance in the second-half of the year.
When is Unilever’s results date?
Unilever will unveil its Q3 results on October 17.
Unilever’s results preview: what does the city expect?
Unilever saw its underlying sales grow by 3.3% in its first six months, though this is still below expectations, with the company seeing weaker-than-expected volumes.
Investors will be hoping for a strong set of Q3 results next week or Unilever may fall short of hitting its full-year targets.
The consumer goods company’s stock is performing well this year, climbing more than 16% since beginning of January.
The stock has strong long-term growth potential, with the company investing heavily in Asia over the last ten years, helping it grab significant market share in the region across a range of key product categories.
In fact, emerging market sales account for nearly two-thirds of its total revenues, putting it in a commanding position over its rivals.
Analysts are also optimistic about the company’s future, with Goldman Sachs upgrading its rating to ‘buy’ and increasing its target price for the stock to £57 a share in September. Unilever’s share price sits at £48.64 as of 13:15 on Wednesday.
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Unilever pledges to halve its use of plastic packaging by 2025
This week, Unilever promised to reduce its use of plastic packaging by 50% by 2025 and transition to greener alternatives.
As it stands, the owner of brands like Hellman’s and Lynx uses around 700,000 tonnes of plastic each year. Its decision to dramatically reduce its use of virgin plastics could see refill stations for products like shampoo and cardboard deodorant sticks become the new normal in supermarkets.
‘Plastic has its place, but that place is not in the environment,’ Unilever CEO Alan Jope said. ‘Our starting point has to be design, reducing the amount of plastic we use, and then making sure that what we do use increasingly comes from recycled sources.’
‘This is a daunting but exciting task which will help drive global demand for recycled plastic,’ he added.
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