In 2018 Unilever (UL) delivered some good results as the volume of sales grew and the margins improved. However, the turnover has decreased by 5.1% in 2018 versus 2017. This was mainly because of an adverse currency impact.
Even though I believe the market will remain challenging for Unilever in 2019, I still believe that Unilever can deliver significant returns to its shareholders in the long term.
Investment thesis
In the chart below you can see that Unilever has a strong product portfolio spread across different market segments. Within each market segment, Unilever