Unilever N.V. CVA

Unilever is engaged in the supply of consumer goods in foods, household care and personal products. Co.'s activities are carried out through four categories: Personal Care, sales of skin care and hair care products, deodorants and oral care products; Home Care, sales of home care products, such as powders, liquids and capsules, soap bars and a range of cleaning products; Foods, sales of soups, bouillons, sauces, snacks, mayonnaise, salad dressings, margarines and spreads; and Refreshment, sales of ice cream and tea-based beverages. Co.'s products are sold in over 190 countries around the world.
  • TickerUNA
  • ISINNL0000009355
  • ExchangeEuronext Amsterdam
  • SectorPersonal Goods
  • CountryNetherlands

Analysts

Virginie Roumage

UNILEVER: Acquisition of GSK Food & Beverage portfolio in India | BUY | EUR55 vs. EUR54

UNILEVER - BUY | EUR55 vs. EUR54 (+12%) Acquisition of GSK Food & Beverage portfolio in India An equity merger to limit tax implications for GSK Slight EPS accretion in year 1 Rationale: leveraging the Health & Wellness trend in India

Alfred Glaser ...
  • Delphine Brault
  • François Maury
  • Georges Dieng
  • Martial Descoutures
  • Pierre Tegner
  • Pierre Corby
  • Sven Edelfelt
  • Virginie Rousseau

ODDO BHF SECURITIES MORNING NEWS – DETAILED COMMENTS 12/04/2018

...

Alfred Glaser ...
  • Delphine Brault
  • François Maury
  • Georges Dieng
  • Martial Descoutures
  • Pierre Tegner
  • Pierre Corby
  • Sven Edelfelt
  • Virginie Rousseau

ODDO BHF SECURITIES MORNING NEWS – COMMENTAIRES DETAILLES 04/12/2018

...

ING
Hendrik Wiersma ...
  • Jeroen van den Broek
  • Job Veenendaal
  • Nadège Tillier
  • Suvi Platerink Kosonen

Coffee, Croissants & Credit/Unilever, a.s.r., Royal Dutch, Engie and Orsted

Consumers: • Unilever (UNANA) has trumped other contenders in the contest to buy GlaxoSmithKline's Health Food Drinks portfolio in India, Bangladesh and 20 other countries in a deal that we view as credit neutral. The main part of the transaction involves Unilever's listed subsidiary Hindustan Unilever Limited (HUL) merging with publicly listed GSK Consumer Healthcare India in an all-equity deal. Due to the relatively small cash component of the deal (c.€639m), which is partly offset by the consolidation of GSK India, which has a net cash position of €457m according to Bloomberg data, we calcu...

Pierre Tegner

Unilever Nv : Acquisition of GSK’s consumer health assets; more interesting for Hindustan than for Unilever

>Neutral maintained: mainly maximising positions in India - Given Unilever’s global scale, the acquisition announced yesterday of GSK’s health food drink assets (Horlicks, Boost, etc.) clearly is not transformative although the amount for total control of assets in question is still € 4.6bn. This acquisition is interesting operationally in that it will enable Unilever to maximise the leverage provided by the power of Hindustan Unilever from an operational and financi...

Virginie Roumage

UNILEVER: Acquisition of GSK Food & Beverage portfolio in India | BUY | EUR55 vs. EUR54

UNILEVER - BUY | EUR55 vs. EUR54 (+12%) Acquisition of GSK Food & Beverage portfolio in India An equity merger to limit tax implications for GSK Slight EPS accretion in year 1 Rationale: leveraging the Health & Wellness trend in India

Alfred Glaser ...
  • Delphine Brault
  • François Maury
  • Georges Dieng
  • Martial Descoutures
  • Pierre Tegner
  • Pierre Corby
  • Sven Edelfelt
  • Virginie Rousseau

ODDO BHF SECURITIES MORNING NEWS – DETAILED COMMENTS 12/04/2018

...

Alfred Glaser ...
  • Delphine Brault
  • François Maury
  • Georges Dieng
  • Martial Descoutures
  • Pierre Tegner
  • Pierre Corby
  • Sven Edelfelt
  • Virginie Rousseau

ODDO BHF SECURITIES MORNING NEWS – COMMENTAIRES DETAILLES 04/12/2018

...

Pierre Tegner

Unilever Nv : Acquisition of GSK’s consumer health assets; more interesting for Hindustan than for Unilever

>Neutral maintained: mainly maximising positions in India - Given Unilever’s global scale, the acquisition announced yesterday of GSK’s health food drink assets (Horlicks, Boost, etc.) clearly is not transformative although the amount for total control of assets in question is still € 4.6bn. This acquisition is interesting operationally in that it will enable Unilever to maximise the leverage provided by the power of Hindustan Unilever from an operational and financi...

Pierre Tegner

Unilever Nv : Acquisition des actifs de Consumer Health de GSK, un intérêt pour Hindustan plutôt que pour Unilever

>Neutre maintenu : surtout une maximisation des positions en Inde - Compte tenu de la taille globale d’Unilever, l’acquisition annoncée hier des actifs de Health Food Drink de GSK (Horlicks, Boost, etc) n’est évidemment pas transformante bien que le montant soit de 4.6 Md€ pour le contrôle total des actifs concernés. Cette acquisition est intéressante dans la mesure où elle permet à Unilever de maximiser l’effet de levier apporté par la puissance d’Hindustan Unilever...

1 director sold

A director at Unilever N.V. sold 12,000 shares at 49.910EUR and the significance rating of the trade was 98/100. Is that information sufficient for you to make an investment decision? This report gives details of those trades and adds context and analysis to them such that you can judge whether these trading decisions are ones worth following. Included in the report is a detailed share price chart which plots discretionary trades by all the company's directors over the last two years clearly showing Close periods where trading activity is restricted under listing rules. The names of board ...

1 director sold

A director at Unilever N.V. sold 10,200 shares at 49.330EUR and the significance rating of the trade was 90/100. Is that information sufficient for you to make an investment decision? This report gives details of those trades and adds context and analysis to them such that you can judge whether these trading decisions are ones worth following. Included in the report is a detailed share price chart which plots discretionary trades by all the company's directors over the last two years clearly showing Close periods where trading activity is restricted under listing rules. The names of ...

Antoine Boivin-Champeaux ...
  • Christophe Chaput
  • Pierre Tegner
  • Sven Edelfelt
  • Virginie Rousseau
  • Yan Derocles

ODDO BHF SECURITIES MORNING NEWS – DETAILED COMMENTS 11/30/2018

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Antoine Boivin-Champeaux ...
  • Christophe Chaput
  • Pierre Tegner
  • Sven Edelfelt
  • Virginie Rousseau
  • Yan Derocles

ODDO BHF SECURITIES MORNING NEWS – COMMENTAIRES DETAILLES 30/11/2018

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Bruno Cavalier ...
  • Christophe-Raphaël Ganet
  • Jean Sassus
  • Khaled Ben Amor
  • Laurence Hofmann
  • Louis Boujard
  • Olfa Taamallah
  • Philippe Ourpatian
  • Pierre Tegner
  • Steven Gould
  • Yan Derocles

ODDO BHF SECURITIES MORNING NEWS – DETAILED COMMENTS 10/08/2018

...

Bruno Cavalier ...
  • Christophe-Raphaël Ganet
  • Jean Sassus
  • Khaled Ben Amor
  • Laurence Hofmann
  • Louis Boujard
  • Olfa Taamallah
  • Philippe Ourpatian
  • Pierre Tegner
  • Steven Gould
  • Yan Derocles

ODDO BHF SECURITIES MORNING NEWS – COMMENTAIRES DETAILLES 08/10/2018

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Alexandre Iatrides ...
  • Alfred Glaser
  • Anis Zgaya
  • Antoine Boivin-Champeaux
  • Bruno Hareng
  • Delphine Brault
  • Emira Sagaama
  • Jean Sassus
  • Jerôme Bodin
  • Johanna Jourdain
  • Léopold Authié
  • Louis Boujard, CFA
  • Matthias Desmarais
  • Michael Foundoukidis
  • Nicolas Kieffer
  • Olfa Taamallah
  • Oussema Denguir
  • Philippe Ourpatian
  • Pierre Tegner
  • Pierre Corby
  • Stephane Houri
  • Steven Gould
  • Vincent Maulay
  • Vincent Baron
  • Yan Derocles

ODDO BHF SECURITIES MORNING NEWS – DETAILED COMMENTS 07/19/2018

The Innogy deal will reshuffle E.ON’s and RWE’s businesses and strategies, with each specialising on one part of the utility value chain (downstream and upstream, respectively). While the transaction will not significantly change the two companies’ level of exposure to climate transition risks (low for E.ON / high for RWE), simpler business structures and strategies should help the two German utilities to deliver (at last!) a clearer message on their contribution to climate mitigation...

Unilever NV

Unilever NV

Unilever NV

Unilever NV

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Unilever NV

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ING
Hendrik Wiersma ...
  • Jeroen van den Broek
  • Job Veenendaal
  • Nadège Tillier
  • Suvi Platerink Kosonen

Coffee, Croissants & Credit/Unilever, a.s.r., Royal Dutch, Engie and Orsted

Consumers: • Unilever (UNANA) has trumped other contenders in the contest to buy GlaxoSmithKline's Health Food Drinks portfolio in India, Bangladesh and 20 other countries in a deal that we view as credit neutral. The main part of the transaction involves Unilever's listed subsidiary Hindustan Unilever Limited (HUL) merging with publicly listed GSK Consumer Healthcare India in an all-equity deal. Due to the relatively small cash component of the deal (c.€639m), which is partly offset by the consolidation of GSK India, which has a net cash position of €457m according to Bloomberg data, we calcu...

ING
Hendrik Wiersma ...
  • Jeroen van den Broek
  • Job Veenendaal
  • Nadège Tillier
  • Suvi Platerink Kosonen

Coffee, Croissants & Credit/UK banks stress test, Uniper, EDF and Unilever

The Bank of England published its stress test results for UK banks yesterday. All banks cleared the tests but Lloyds Banking Group (LLOYDS) and Barclays (BACR) come out looking weaker versus their UK peers. Barclays and Lloyds will not be required to raise additional capital, however, as they clear the hurdle rates set by the Bank due to the strategic management actions and AT1 conversion. Lloyds and Barclays were also among the weakest banks in the EBA stress tests, the results of which were published earlier this month. We would avoid especially the more risky debt instruments of these issue...

ING
Hendrik Wiersma ...
  • Jeroen van den Broek
  • Job Veenendaal
  • Nadège Tillier
  • Suvi Platerink Kosonen

Coffee, Croissants & Credit/Unilever, Nestlé, Carrefour, Pernod Richard, Telia and ArcelorMittal

Unilever (UNANA) reported on 3Q18 sales, which we see as broadly neutral for spreads. Turnover came in at €12,529m with underlying sales growth (USG) of 3.8%. Sales were down 4.8% on a reported basis due to a 5.2% negative FX impact and a negative 3.3% impact from disposals (mainly the Spreads business). Price growth in Argentina was excluded from the growth figures provided today due to its hyperinflationary environment. (For full story, download report)

ING
Hendrik Wiersma ...
  • Jeroen van den Broek
  • Job Veenendaal
  • Nadège Tillier
  • Suvi Platerink Kosonen

Coffee, Croissants & Credit/Unilever abandons simplification plan

Following strong opposition from (mainly) UK investors, Unilever (UNANA) decided to abandon its plan to move to a single headquarters located in the Netherlands. Unilever stated that despite a period of engagement with shareholders and widespread support for simplification, the plan did not receive support from a significant group of investors. The move would have involved delisting from the FTSE100, which investors feared would cause forced selling. One of the reasons for simplification was that it would have made it easier to engage in M&A, which was complicated by having two sets of shares....

MarketLine Department

The Procter & Gamble Co - Mergers & Acquisitions (M&A), Partnerships & Alliances and Investments

The Procter & Gamble Co - Mergers & Acquisitions (M&A), Partnerships & Alliances and Investments Summary Marketline's The Procter & Gamble Co Mergers & Acquisitions (M&A), Partnerships & Alliances and Investments report includes business description, detailed reports on mergers and acquisitions (M&A), divestments, capital raisings, venture capital investments, ownership and partnership transactions undertaken by The Procter & Gamble Co since January2007. Synopsis Marketline's Company Mergers & Acquisitions (M&A), Partnerships & Alliances and Investments reports offer a comprehensive breakd...

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Tata Global Beverages Limited - Mergers & Acquisitions (M&A), Partnerships & Alliances and Investments Summary Marketline's Tata Global Beverages Limited Mergers & Acquisitions (M&A), Partnerships & Alliances and Investments report includes business description, detailed reports on mergers and acquisitions (M&A), divestments, capital raisings, venture capital investments, ownership and partnership transactions undertaken by Tata Global Beverages Limited since January2007. Synopsis Marketline's Company Mergers & Acquisitions (M&A), Partnerships & Alliances and Investments reports offer a co...

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Orkla ASA - Mergers & Acquisitions (M&A), Partnerships & Alliances and Investments

Orkla ASA - Mergers & Acquisitions (M&A), Partnerships & Alliances and Investments Summary Marketline's Orkla ASA Mergers & Acquisitions (M&A), Partnerships & Alliances and Investments report includes business description, detailed reports on mergers and acquisitions (M&A), divestments, capital raisings, venture capital investments, ownership and partnership transactions undertaken by Orkla ASA since January2007. Synopsis Marketline's Company Mergers & Acquisitions (M&A), Partnerships & Alliances and Investments reports offer a comprehensive breakdown of the organic and inorganic growth ac...

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Unilever - Strategy, SWOT and Corporate Finance Report

Synopsis Unilever - Strategy, SWOT and Corporate Finance Report, is a source of comprehensive company data and information. The report covers the company's structure, operation, SWOT analysis, product and service offerings and corporate actions, providing a 360˚ view of the company. Summary - Detailed information on Unilever required for business and competitor intelligence needs - A study of the major internal and external factors affecting Unilever in the form of a SWOT analysis - An in-depth view of the business model of Unilever including a breakdown and examination of key business segm...

Jérôme VINERIER

Short term view - UNILEVER NV : The trend is bullish.

The trend is bullish. The current fall looks like a consolidation. The support at €46.500 could cause a bullish reaction towards €48.600. The break of €44.778 would endanger the trend.

Jérôme VINERIER

Analyse court terme - UNILEVER NV : La tendance est haussière.

La tendance est haussière. La baisse en cours s'apparente à une consolidation. Le support à 46,500 € pourrait relancer le mouvement haussier vers 48,600 €. La rupture de 44,778 € mettrait la tendance en danger.

Matthieu DRIOL

Analyse court terme - UNILEVER NV : La tendance est incertaine.

La tendance est incertaine. Les cours baissent, mais la tendance manque de puissance pour le moment. Le prochain support est à 46,850 €.

Matthieu DRIOL

Short term view - UNILEVER NV : The trend is uncertain.

The trend is uncertain. Prices are falling, but the trend is lacking power for the time being. The next support is at €46.850.

Matthieu DRIOL

Analyse moyen terme - UNILEVER NV : La correction gagne en vigueur.

La tendance de fond est clairement orientée à la hausse. La correction en cours gagne en vigueur. Il est trop tôt pour parler de retournement baissier. La tendance serait invalidée sous le support à 41,483 €.

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