Apr 23, 2020
Unilever: no clean sweep
For a company that was championing handwashing long before coronavirus, Unilever has missed its moment spectacularly. Unilever says January and February trading outside China was mostly normal. Like its FMCG peers, Unilever also saw some stockpiling - effective forward buying that will come out in the wash of full-year numbers. Unilever has plenty of loyal investors and there is much to keep them onside: a dividend, for one thing, and a €500m commitment to its SME suppliers. Unilever is also super cheap compared with peers, say analysts.
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