July 24, 2024/Cordros Report In this report, we provide an updated view on Unilever Nigeria Plc (UNILEVER) for 2024FY following a review of its Q2-24 results. UNILEVER’s topline has remained sturdy driven by higher pricing and increasing volumes, despite the weak macroeconomic backdrop. Elevated cost pressures from naira devaluation and […]
Results & Dividends
Unilever Nigeria Plc Strong H1 2024: Despite Cost Pressures
July 23, 2024/CSL Research In its H1 2024 earnings report, Unilever Nigeria Plc. (Unilever) posted a 40.9%y/y Revenue growth, increasing to N63.91bn from N45.35bn in H1 2023. This growth was driven by both volume and price increases. The company’s food products segment was the largest contributor to total Revenue, with […]
Unilever Nigeria Plc Q2-24: Weak Operating Performance, Higher Tax Slows Earnings Growth
July 23, 2024/Cordros Report Unilever Nigeria Plc (UNILEVER) published its Q2-24 unaudited results today, reporting earnings per share of NGN0.19 (Q2-23: NGN0.22), thus bringing H1-24 EPS to NGN0.77 (H1-23: NGN0.71). UNILEVER’s Q2-24 earnings was impacted by a significantly higher effective tax rate of 43.8% (Q2-23: 5.8%). UNILEVER’s revenue increased by […]
