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 […]
Results & Dividends
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 […]
Unilever Nigeria Plc Q1’2024: Higher Prices and Volumes Increase Top-Line
April 22, 2024/CSL Research Unilever Nigeria Plc. recently released its Q1 2024 financial results, showing a significant uptick in revenue. Excluding its discontinued operations in the Home Care segment, the company’s Revenue surged by 57.8% y/y, reaching N32.32bn compared to N20.48bn in Q1 2023. This boost was fueled by both […]
