Unilever impresses Deutsche bank with latest update
DBDeutsche Bank AG(DB) Proactive Investors·2024-02-09 23:27

Unilever’s trading update contained several pleasant surprises according to Deutsche Bank, which has tweaked its numbers and stuck with a ‘buy’ recommendation. “Gross margin surprised to the upside as did volume growth and this before the new management have fully mobilised their action plan,“ said the bank. “There remains a high skew between the outperformers and underperformers in the [consumer staples] Group which could provide some volatility, but we see Unilever progressing towards a steadier compoundi ...