- Unilever has reported 1.4 per cent underlying sales growth in the year to date
- Brands might not be as valuable as Mr Train suggests
Nick Train is rightly proud of his biggest holding, Unilever (ULVR). In a year that the FTSE 100 has crashed under the weight of a global pandemic, the consumer goods giant has delivered 9 per cent share price growth and maintained its dividend. That performance is something Mr Train attributes to Unilever’s strong brand heritage which “has endured for decades”.
In 2020, it has been the brands in the home and beauty divisions which have driven a resilient performance from the company. Both reported decent, volume-driven sales growth in the nine months to September.