UN - Unilever's Shrinking Receivables Concurrent With Sales Resilience Indicate Quality And Reliability Of Dividend
By Federico D'Anna
At the Q1 conference call, CEO Alan Jope took a very cautious tone about Unilever (UL)(UN) for Q2. Indeed, markets were wary too after the call, with Unilever melting down over the course of the day. Unilever has a highly diversified portfolio of products, and the caution was strange given how many significant product categories were likely to see resilience from the shock that the pandemic had caused. What Q2 has shown is that the tone was merely conservative, as Unilever delivered superb results, with sales staying