For 2024 Unilever Continues To Expect Underlying Sales Growth To Be 3%-5%, With The Majority Of The Growth Being Driven By Volume; Sees Operating Marin Of 18%
Portfolio Pulse from Benzinga Newsdesk
Unilever expects underlying sales growth of 3%-5% for 2024, driven mainly by volume. The operating margin is projected to be at least 18%, with increased brand investment. The first half saw strong gross margin progression due to volume leverage, mix, and net productivity, but this is not expected to repeat in the second half.
July 25, 2024 | 6:44 am
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Unilever expects 3%-5% sales growth for 2024, driven by volume, and an operating margin of at least 18%. Strong gross margin progression in H1 is not expected to repeat in H2.
The forecasted sales growth and operating margin are positive indicators for Unilever's financial health. However, the caution about H2 gross margin progression may temper investor enthusiasm slightly.
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