Unilever quarterly results beat market expectations, shares up 5%
leadership What makes this quarter's result more interesting for the investors is the fact that it is the first set of results under Chief Executive Hein Schumacher. It will also help investors in understanding the nature of Schumacher's strategy to revive the company's sluggish performance.
The company's full-year forecast increased slightly. It predicted that the revenue growth will remain above 5% this year.
The guidance may be conservative, as analysts are forecasting 6.1%. The company brought an external CEO onboard to seek help in fixing Unilever's bureucratic culture.
The new CEO will also help in dealing with critiques that the firm has become too focused with the so-called “social purpose" of the consumer products it sells.Schumacher has earlier handled the lead role in Dutch dairy cooperative Royal FrieslandCampina. He is planning to revisit the debate over splitting food brands like Hellmann’s mayonnaise from the faster-growing personal care, beauty and wellbeing units.
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