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Bull Of The Day: Unilever

After many years of underperformance, emerging markets are shining in 2017. We can see signs of improving economic growth in many parts of the developing world. This rebound has benefitted multinational giants that derive a significant portion of their sales from emerging markets.

About the Company

Headquartered in London, UK, Unilever PLC (UL - Free Report) is a multinational consumer goods company. They employ ~169,000 people.

The company has a huge portfolio of more than 400 well-known brands including Dove, Lipton, Knorr and Ben & Jerry’s. Emerging markets account for about 57% of their sales. Seven out of every ten households around the world contain at least one Unilever product.

Better-than-expected Results

The company reported much better than expected results for the six months ended June 30. Underlying sales grew 3.0%, with growth across all categories. Turnover increased 5.5% and gross margin improved by 40 bps.

Sales were driven by higher prices in emerging markets where...