0741 GMT - Unilever is still in the early days of a turnaround, but it looks set to achieve higher growth, Barclays analysts write in a note to clients. The Anglo-Dutch multisector retailer confirmed its guidance for the year as a whole after posting better-than-expected turnover for the first three months. The company returned to volume growth in the last quarter for the first time in two years, when consumer-goods companies started to lift their prices due to inflation. Unilever seems to be the most compelling turnaround story in European consumer staples, the analysts say, adding that the market is underestimating the growth and margin potential of its Prestige and Health unit. Shares are up 4.1% at 4022 pence. (andrea.figueras@wsj.com)
(END) Dow Jones Newswires
April 25, 2024 03:41 ET (07:41 GMT)
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