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

UNILEVER PLC

(ULVR)
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Delayed Quote. Delayed London Stock Exchange - 01/22 11:39:55 am
4378 GBX   +0.57%
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Unilever gets vaccine partnership offers as it plots worker safety strategy

01/14/2021 | 06:09am EST

LONDON (Reuters) - Unilever is strongly encouraging employees to get vaccinated against the coronavirus as soon as possible and floated the idea that it could buy shots to share with people in poorer countries.

"There are one or two countries in the developing world, where the public purse is not so strong and they have approached us on a "buy two, keep one" basis," Unilever Chief Executive Alan Jope told Reuters on Wednesday in an interview at the Reuters Next conference.

"So imagine in a country where we purchase 200,000 vaccine doses, we donate 100,000 to public efforts and we use the rest for our employees and their families."

He did not give further details. Emerging markets contribute about 60% of Unilever's revenue.

Costing as much as $19.50 per dose, 200,000 doses of the vaccine made by Pfizer and BioNTech could cost nearly $4 million.

More broadly, Unilever is "strongly encouraging" its workers to get the vaccine as soon as it is available to them.

"We want to make sure that vaccine hesitancy is not alive and well in Unilever," Jope said.

Jope, whose company is one of Britain's biggest, said that the maker of Dove soap, Lipton tea and Ben & Jerry's ice cream would do what it can to make vaccines available to its workers, but "in a very principled way."

"I don't want any of my employees to be jumping the queue on frontline medical workers or vulnerable people," he said.

For employees who decline the vaccine, rapid testing could be used to keep workplaces safe.

"We will not be mandating vaccines for anyone. We don't believe that is right," he said.

Unilever's office workers will be largely working from home during the current first quarter and then moving to a hybrid model where workers split their time between the office and home.

"We anticipate never going back to five days a week in the office, that seems very old-fashioned now," Jope said.

Unilever is testing a four-day work week this year in New Zealand. The company said it was giving the trial a year before assessing it.

For more coverage from the Reuters Next conference please click here or www.reuters.com/business/reuters-next

To watch Reuters Next live, visit https://www.reutersevents.com/events/next/register.php

(Additional reporting by Keith Weir in London and Siddharth Cavale in Bengaluru, Editing by Nick Zieminski)

By Martinne Geller


© Reuters 2021
Stocks mentioned in the article
ChangeLast1st jan.
BIONTECH SE 2.86% 108.44 Delayed Quote.33.02%
PFIZER INC. 0.19% 36.55 Delayed Quote.-0.71%
UNILEVER PLC 0.57% 4378 Delayed Quote.-0.32%
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Financials
Sales 2020 50 341 M 61 260 M 61 260 M
Net income 2020 5 823 M 7 086 M 7 086 M
Net Debt 2020 22 338 M 27 183 M 27 183 M
P/E ratio 2020 21,6x
Yield 2020 3,37%
Capitalization 129 B 157 B 157 B
EV / Sales 2020 3,01x
EV / Sales 2021 2,95x
Nbr of Employees 149 867
Free-Float 63,0%
Chart UNILEVER PLC
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Technical analysis trends UNILEVER PLC
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TrendsNeutralBearishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus HOLD
Number of Analysts 19
Average target price 4 756,52 GBX
Last Close Price 4 378,00 GBX
Spread / Highest target 25,6%
Spread / Average Target 8,65%
Spread / Lowest Target -33,8%
EPS Revisions
Managers and Directors
NameTitle
Alan Jope Chief Executive Officer & Executive Director
Nils Smedegaard Andersen Chairman
Nitin Paranjpe Chief Operating Officer
Graeme David Pitkethly Chief Financial Officer & Executive Director
Richard Slater Chief Research & Development Officer
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