April 25, 2024/CSL Research BUA Cement’s +27.4% y/y Revenue growth in 2023 was primarily driven by upward increases in both price and sales volumes. BUA Cement reported price increases in 2023 with average cement price rising by 18.7% to N68,293/ton from N57,511/ton, in 2022, while sales volumes closed 2023 at […]
Results & Dividends
Unilever Nigeria Plc Q1-24 Update: Earnings Outlook Still Positive; Rating Upgraded
April 23, 2024/Cordros Report This report provides our updated view of Unilever Nigeria Plc (UNILEVER) for 2024E. While UNILEVER reported strong topline growth (+57.8% y/y) in Q1-24, elevated cost pressures and higher operating expenses derailed gains from improved revenue, leading to significant contractions in gross (-571bps to 41.8%) and operating […]
Unilever’s Robust Topline Results Slightly Offset by Increased Brand and Marketing Spend in 1Q24
FSDH Initial Reaction: Unilever Nigeria 1Q24 results Kindly click here to download the report. April 22, 2024/FSDH Research Key Performance Highlights: Unilever Nigeria reported strong revenue growth of 57.8% YoY to N32.3 billion in 1Q24. The substantial revenue growth was primarily driven by a 97.8% YoY jump in the Personal […]
