All eyes are on Unilever this week as the Anglo-Dutch consumer goods group prepares to release its full-year results.
Analysts are predicting the group to unveil pre-tax profit of £3.25bn compared with £2.49bn last year.
They are also expecting a 2-4% increase in like-for-like sales, with full-year sales of approximately £26.8bn.
However, reports suggest that Unilever will also announce the sale of its European frozen food business, which includes the brands Birds Eye, Findus and Iglo, this week.
In September last year the group revealed that it was considering selling its frozen foods business.
Private equity groups and Capvest, owner of Young’s Bluecrest, which last week acquired the Findus brand in Sweden, Norway, France and Thailand from EQT Partners for an undisclosed sum, are rumoured to be interested in the unit.
Speaking to The Grocer this week, Trevor Gorin, head of UK media relations at Unilever, said that a decision on its frozen foods business would be made this quarter.
Gorin also refused to comment on last week’s speculation that a private equity groups was preparing a £30bn bid for the company.
Analysts are predicting the group to unveil pre-tax profit of £3.25bn compared with £2.49bn last year.
They are also expecting a 2-4% increase in like-for-like sales, with full-year sales of approximately £26.8bn.
However, reports suggest that Unilever will also announce the sale of its European frozen food business, which includes the brands Birds Eye, Findus and Iglo, this week.
In September last year the group revealed that it was considering selling its frozen foods business.
Private equity groups and Capvest, owner of Young’s Bluecrest, which last week acquired the Findus brand in Sweden, Norway, France and Thailand from EQT Partners for an undisclosed sum, are rumoured to be interested in the unit.
Speaking to The Grocer this week, Trevor Gorin, head of UK media relations at Unilever, said that a decision on its frozen foods business would be made this quarter.
Gorin also refused to comment on last week’s speculation that a private equity groups was preparing a £30bn bid for the company.
No comments yet