0939 GMT - Unilever is going through positive moment supported by a significant gross margin improvement in the first half, RBC Capital Markets analysts James Edwardes Jones and Wassachon Udomsilpa say in a note. The consumer-goods company set new, largely unproblematic medium-term targets at its capital markets day, they say. However, the 2% sales-volume growth target is a stretch given Unilever's track record and relatively modest capital expenditure plans, the analysts add. "That volume will be key to the rest of Unilever's plans given innate operational gearing," the analysts add. Shares are up nearly 25% since the start of 2024. (michael.susin@wsj.com)
(END) Dow Jones Newswires
November 25, 2024 04:39 ET (09:39 GMT)
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