Unilever Q1 quarter results report april 26 2012

Unilever Q1 quarter results report april 26 2012, Unilever stock prices, Unilever stock forecast 2012 : Unilever has released its results for the first quarter 2012. Turnover increased by 11.9% to €12.1 billion ($16 billion). Underlying sales growth was 8.4% with emerging markets up 11.9% and developed markets up 4.2%; all categories contributing to growth. Underlying volume growth was 3.5%, with pricing up 4.7%.

Unilever Plc shares were up 3.1 pct at 2,143 pence by 0826 GMT, in a firmer FTSE 100 . The stock has underperformed European food and beverage stocks by almost 10 percent so far this year.

Darren Shirley, analyst at Shore Capital, pointed out that the board also upped its dividend by 8%, giving the stock a yield of 3.9%. He added that Unilever had reported an ‘excellent start’ to the year, reiterating a ‘buy’ rating for the stock.

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