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MarketScreener Homepage  >  Equities  >  London Stock Exchange  >  Unilever    ULVR   GB00B10RZP78

UNILEVER (ULVR)
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Unilever Is 'Extremely Unlikely' To Be Included in FTSE -CFO

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06/14/2018 | 10:51am CEST

By Saabira Chaudhuri

LONDON--Unilever PLC on Thursday dashed investor hopes that it could maintain a primary listing in London following its move to consolidate its dual headquarters in Rotterdam.

Unilever, which currently operates as two separately listed companies--Unilever PLC and Unilever NV--said in March it would unify its dual British-Dutch legal structure.

"It's very clear to us that it's extremely unlikely that the new NV shares will be included in the FTSE UK series," said Unilever Chief Financial Officer Graeme Pitkethly at an investor conference in Paris on Thursday. "Consequently we think our weighting in the pan European indices will be increased."

Separately, Mr. Pitkethly said sales growth in the first half of the year would be below Unilever's full-year target of 3% to 5% due to strikes in Brazil. However, he maintained sales guidance for the year.

London shares of Unilever dropped 1.7% following his remarks.

Mr. Pitkethly said Unilever will maintain a premium listing in London. Despite the disappointment of not being able to list on Britain's blue-chip index the FTSE 100, of which Unilever is one of the largest components, he maintained that simplification is the "right thing for the company."

Write to Saabira Chaudhuri at Saabira.Chaudhuri@wsj.com

Stocks mentioned in the article
ChangeLast1st jan.
FTSE 100 INDEX 0.28% 7234.11 End-of-day quote.-5.90%
UNILEVER 0.09% 4415 Delayed Quote.7.02%
UNILEVER (NL) -0.04% 49.545 Delayed Quote.4.89%
UNILEVER (NL) -0.09% 49.55 Delayed Quote.5.62%
UNILEVER NV (ADR) 0.66% 56.72 Delayed Quote.0.71%
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Financials (€)
Sales 2018 51 393 M
EBIT 2018 9 339 M
Net income 2018 6 034 M
Debt 2018 20 732 M
Yield 2018 3,10%
P/E ratio 2018 20,51
P/E ratio 2019 21,17
EV / Sales 2018 3,19x
EV / Sales 2019 3,18x
Capitalization 143 B
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Technical analysis trends UNILEVER
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Mean consensus OUTPERFORM
Number of Analysts 15
Average target price 50,1 €
Spread / Average Target 1,7%
EPS Revisions
Managers
NameTitle
Paulus Gerardus J. Polman Chief Executive Officer & Executive Director
Marijn E. Dekkers Chairman
Graeme David Pitkethly Chief Financial Officer & Executive Director
David Blanchard Chief Research & Development Officer
May Lung Cha Independent Non-Executive Director
Sector and Competitors
1st jan.Capitalization (M$)
UNILEVER7.02%163 678
PROCTER & GAMBLE COMPANY-8.91%208 222
UNILEVER (NL)5.62%164 569
UNILEVER NV (ADR)0.71%164 569
RECKITT BENCKISER-1.97%61 127
COLGATE-PALMOLIVE COMPANY-10.54%58 572