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Unilever NV (UN_pa.AS)

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Latest Key Developments (Source: Significant Developments)

Unilever to buy U.S.-based condiment maker Sir Kensington's
Thursday, 20 Apr 2017 10:00am EDT 

April 20 (Reuters) - Unilever Plc ::Unilever to acquire Sir Kensington's.Signed an agreement to acquire Sir Kensington's, a New York-based condiment maker.Co-founders Mark Ramadan and Scott Norton will continue in their roles at Sir Kensington's.Terms of deal were not disclosed.Deal is expected to close in next few weeks.  Full Article

Unilever CFO comments on outlook, spreads unit sale
Thursday, 20 Apr 2017 02:33am EDT 

April 20 (Reuters) - Unilever Plc :Interview-Unilever cfo says q1 results helped by business units sticking to "business as usual" during review.Interview-Unilever cfo says seeing positive signs in the economy overall.Interview-Unilever cfo says thinks seeing a "bottoming out" of currency devaluations in key emerging markets.Interview-Unilever cfo says always lag between economic fundamentals and consumer demand, but encouraged.Interview-Unilever cfo says performance in second half of 2017 should be better than first half.Interview-Unilever cfo declines to comment on interest in reckitt benckiser's food business.Unilever cfo says it's a relief to be able to "engage wholeheartedly" with private equity community on spreads.Unilever cfo says hasn't started inviting interest, but hopes to have a mix of financial, strategic bidders.  Full Article

Interview-Unilever CFO comments on strategy
Thursday, 6 Apr 2017 02:29am EDT 

Unilever Plc : Interview-Unilever cfo says have spoken to top 50 shareholders ahead of our review . Interview-Unilever cfo says we are looking to produce more value in the short term . Interview-Unilever cfo says shareholders do not want our long term model to change . Interview-Unilever cfo says shareholders did not want spin off of food business . Interview-Unilever cfo says planned step up in margin will come from the food business . Interview-Unilever cfo says we get significant synergies from keeping the food business within the group . Interview-Unilever cfo says will return excess cash periodically in order to return to 2x leverage level . Interview-Unilever cfo says over time we will get to 2x leverage depending on m&a activity . Interview-Unilever cfo says expect to see heightened m&a activity . Interview-Unilever cfo says no change in our strategy for very large m&a deals . Interview-Unilever cfo says starting a process to sell the spreads business, seeing lots of interest .Interview-Unilever cfo says brexit will not have an impact on which listing we choose.  Full Article

Unilever to sell spreads business, launch buy-back
Thursday, 6 Apr 2017 02:08am EDT 

Unilever Plc : Combining foods and refreshment into one organisation, unlocking future growth and faster margin progression . Reconfirming our commitment to a proven long-term model of compounding growth and sustainable value creation . Establishing a net debt / ebitda target of 2x and launching a share buy-back of eur 5 billion this year . Accelerating connected 4 growth and targeting a 20% underlying operating margin, before restructuring, by 2020 . Raising dividend by 12%, reflecting increased confidence in outlook for profit growth and cash generation . Support our business with a higher level of leverage, while retaining benefits of a strong credit rating . This will enable us to enhance value for shareholders through increased capital returns, while maintaining operational and strategic flexibility . For 2017, we remain on track to deliver underlying sales growth ahead of our markets, in 3-5% range, and we expect an underlying operating margin improvement of at least 80bps . Target an overall underlying operating margin, which excludes restructuring, of 20% by 2020 . Future of spreads business now lies outside group . Will look to increase our strategic flexibility for further portfolio optimisation through a review of dual-headed legal structure, with a view to simplifying it.  Full Article

S.Africa's Competition Tribunal says co respondent in Unilever case reaches settlement
Friday, 3 Mar 2017 08:40am EST 

South Africa's Competition Tribunal: Sime Darby Hudson Knight, has reached a settlement with competition commission. Settlement will still have to be confirmed by Competition Tribunal Further company coverage: [ULVR.L] (Bengaluru Newsroom) ((+91 806 749 1136;)).  Full Article

Unilever CFO says Kraft bid was "trigger moment" for co, will not waste it
Friday, 24 Feb 2017 05:40am EST 

Unilever Plc : Unilever CFO at CAGNY Conference - "It was clear to us that kraft bid substantially undervalued Unilever" . Unilever CFO at CAGNY Conference- In review, co will be looking at faster value creation in its portfolio, organisation, cost structure, balance sheet . Unilever- Events of last week show us challenge to unlock more value faster in short term rather than focusing on steady value creation over long term . Unilever CFO at CAGNY Conference -"it (Kraft bid) certainly was a trigger moment for Unilever and we will not waste it" . Unilever CFO -co's geographic and category footprints are very different so there would very little "real synergy" in merger with Kraft Further company coverage: [ULVR.L] ((bangalore.newsroom@thomsonreuters.com;)).  Full Article

Unilever sees 2017 core operating margin at upper end of guidance
Wednesday, 22 Feb 2017 08:44am EST 

Unilever Plc :Management of Unilever now expects core operating margin improvement for 2017 to be at upper end of its 40-80 basis points guidance.  Full Article

Nestle: no comment on Kraft Heinz's Unilever approach
Friday, 17 Feb 2017 08:05am EST 

Nestle Sa says : on Kraft Heinz's Unilever approach: as a matter of principle we do not comment on our competitors' activities Further company coverage: [NESN.S] (Reporting by Brenna Hughes Neghaiwi) ((brenna.neghaiwi@thomsonreuters.com; +41 58 306 77 35;)).  Full Article

Unilever issues 1.2 bln euro bonds on European markets
Wednesday, 8 Feb 2017 12:00pm EST 

Unilever Plc : Unilever issues 1.2 billion euro bonds on European markets . Has priced 1.2 billion euro in bonds on european markets today . Bonds comprise 600 mln euro of 0.375 per cent fixed rate notes due February 2023 . Bonds also comprise 600 mln euro of 1.0 per cent fixed rate notes due February 2027 .Unilever intends to use proceeds for general corporate purposes..  Full Article

Unilever says to appeal judgement in Brazil tax case
Friday, 25 Nov 2016 06:30am EST 

Unilever Plc : Tax case in Brazil . Case has now been heard and we have received an adverse judgement by Brazilian Judicial Court . Unilever intends to appeal this ruling at Brazilian Supreme Court . Unilever has decided to pay judicial deposit of approximately 590 mln euros, which will be recognised as a non current financial asset . Judicial will be recognised as a non-current financial asset and hence there will be no impact on reported free cash flow .There is no charge to P&L as a result of this latest judgement.  Full Article

BRIEF-Unilever issues bonds amounting to 250 million pounds