FX.co ★ Unilever Q1 Underlying Sales Up 4.4%; 2024 Guidance Unchanged

Unilever, known by its market codes UN, ULVR.L, and UL, saw a 4.4% growth in underlying sales for the first quarter, coupled with a volume growth increase of 2.2%. The company's turnover rose by 1.4%, reaching the 15.0 billion euros mark, boosted by a 2.0% currency impact and a 0.9% net disposals contribution.

In terms of future projections, Unilever remains consistent with its 2024 outlook. The company predicts an underlying sales growth within the framework of 3% to 5%, alongside a modest uplift in the underlying operating margin.

The company's first quarter was positively impacted by growth in volume, mostly spearheaded by its 'Power Brands' which observed a substantial underlying sales growth of 6.1%. Brands like Dove, Knorr, Rexona, and Sunsilk stood out with impressive performances, as noted by the CEO.