Unilever Misses Forecasts but Analysts Remain Confident

Today's disappointing third quarter update shows the consumer goods group is a long way from achieving its growth and profit targets for 2020

Philip Gorham 19 October, 2017 | 1:48PM
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Analysts have confidence in Unilever's (ULVR) ability to deliver on its 2020 growth and profitability objectives. But the company's third-quarter update today – in which the group blamed bad weather in Europe and hurrricanes in the Americas for slowing growth - showed that it remains a long way from achieving those targets.

The consumer goods company’s London-listed shares fell 4% on the news to £43.51. Organic growth of 2.6% in the third quarter on 0.2% volume growth just missed Morningstar equity analysts' forecast, and we have lowered our full-year growth assumptions to the low end of management's 3%-5% guidance.

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Securities Mentioned in Article

Security NamePriceChange (%)Morningstar
Nestle SA119.92 CHF1.63Rating
Unilever PLC3,895.84 GBX0.07Rating

About Author

Philip Gorham