Investor Relations H1 2023 Overview | Unilever (2024)

Solid first half performance, continued growth across all Business Groups.

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Summary

A range of Unilever products being used.

Detailed description

The ice cream of a Magnum being enveloped in chocolate.

A jar of Hellmann’s mayonnaise on a kitchen counter with a sandwich in the background.

The sandwich being pressed down.

A woman rubs Vaseline on her lower legs.

A man tosses a Persil capsule into a washing machine.

A Persil 3-in-1 Bio packshot with the words ‘Dirt is good’.

  • 9.1%underlying sales growthInvestor Relations H1 2023 Overview | Unilever (1)compared to H1 2022

  • 9.4%price growthwith volumes virtually flat at -0.2%

  • €30.4 bnturnoverInvestor Relations H1 2023 Overview | Unilever (2)2.7% increase compared to H1 2022

  • 10.8%underlying sales growthInvestor Relations H1 2023 Overview | Unilever (3)delivered by our €1 billion+ brands

Underlying sales growth (USG)

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Underlying volume growth (UVG)

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Underlying price growth (UPG)

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Investor Relations H1 2023 Overview | Unilever (4)

H1 highlights

  • Underlying sales growth of 9.1%, driven by all Business Groups, with 9.4% price growth and -0.2% volume
  • Turnover increased 2.7% to €30.4 billion, with -3.2% from currency and -2.7% from disposals net of acquisitions
  • Underlying operating profit improved 3.3% to €5.2 billion, with a 10bps margin improvement to 17.1%
  • Underlying earnings per share improved 3.9%, diluted EPS up 23.6%,boostedby profit on disposals and lower restructuring spend
Investor Relations H1 2023 Overview | Unilever (5)
  • Completed third €750 million tranche of our ongoing share buyback programme of up to €3 billion
  • Brand and marketing investment increased €0.4 billion in constant exchange rates
  • Our billion+ Euro brands, accounting for 55% of Group turnover, delivered underlying sales growth of 10.8%, led by strong performances from Rexona, Hellmann’s, OMO, Sunsilk and Lux
  • Continued portfolio reshaping with the announced acquisition of the frozen yoghurt brand Yasso and the sale of the Suave brand in North America
Investor Relations H1 2023 Overview | Unilever (6)

Our Business Groups

Since 1 July 2022, our brands operate in five Business Groups, each fully responsible and accountable for its strategy, growth, and profit delivery globally.

Investor Relations H1 2023 Overview | Unilever (7)

Beauty & Wellbeing

Consists of Hair Care, Skin Care, Prestige Beauty and Health & Wellbeing (including the vitamins, minerals and supplements business). Expand to view more.

In the 2022 financial year Beauty & Wellbeing had a combined turnover of €12.3 billion.

Our best-known Beauty & Wellbeing brands

Investor Relations H1 2023 Overview | Unilever (8)

Dove

Our mission is to make a positive experience of beauty accessible to all women

Investor Relations H1 2023 Overview | Unilever (9)

Liquid I.V.

Fueling Life’s Adventures

Investor Relations H1 2023 Overview | Unilever (10)

Sunsilk

Opening up possibilities for girls everywhere

Investor Relations H1 2023 Overview | Unilever (11)

Vaseline

Everyone, everywhere deserves healthy, beautiful skin

Geographical footprint – split by geographical area

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Geographical footprint – Emerging versus Developed Markets

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Geographical footprint - Top 5 countries

1. USA
2. India
3. China
4. Indonesia
5. Brazil

Investor Relations H1 2023 Overview | Unilever (12)

Personal Care

Consists of Skin Cleansing, Deodorants, Oral Care and Elida Beauty. Expand to view more.

In the 2022 financial year Personal Care had a combined turnover of €13.6 billion.

Our best-known Personal Care brands

Investor Relations H1 2023 Overview | Unilever (13)

Axe

When you smell good, good things happen

Investor Relations H1 2023 Overview | Unilever (14)

Dove

Our mission is to make a positive experience of beauty accessible to all women

Investor Relations H1 2023 Overview | Unilever (15)

Lifebuoy

Help parents ensure their kids fall ill less often

Investor Relations H1 2023 Overview | Unilever (16)

LUX

Inspiring women to rise above everyday sexist judgements and express their beauty and femininity unapologetically

Explore more Personal Care brands

Geographical footprint – split by geographical area

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Geographical footprint – Emerging versus Developed Markets

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Geographical footprint - Top 5 countries

1. USA
2. India
3. Brazil
4. Indonesia
5. UK

Investor Relations H1 2023 Overview | Unilever (17)

Home Care

Consists of Fabric Cleaning, Home & Hygiene, Fabric Enhancers and Water & Air Wellness. Expand to view more.

In the 2022 financial year Home Care had a combined turnover of €12.4 billion.

Our best-known Home Care brands

Investor Relations H1 2023 Overview | Unilever (18)

Cif

Goodbye ugly dirt. Hello beautiful

Investor Relations H1 2023 Overview | Unilever (19)

Comfort

Long Live Clothes

Investor Relations H1 2023 Overview | Unilever (20)

Domestos

To win the war against unsafe sanitation and poor hygiene

Investor Relations H1 2023 Overview | Unilever (21)

OMO

Dirt Is Good!

Explore more Home Care brands

Geographical footprint – split by geographical area

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Geographical footprint – Emerging versus Developed Markets

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Geographical footprint - Top 5 countries

1. India
2. Brazil
3. China
4. Vietnam
5. Indonesia

Investor Relations H1 2023 Overview | Unilever (22)

Nutrition

Consists of Scratch Cooking Aids, Dressings, Beverages and Functional Nutrition (including Horlicks and Boost). Expand to view more.

In the 2022 financial year Nutrition had a combined turnover of €13.9 billion.

Our best-known Nutrition brands

Investor Relations H1 2023 Overview | Unilever (23)

Hellmann's

We’re on the side of food

Investor Relations H1 2023 Overview | Unilever (24)

Knorr

Reinventing Food for Humanity

Explore more Nutrition brands

Geographical footprint – split by geographical area

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Geographical footprint – Emerging versus Developed Markets

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Geographical footprint - Top 5 countries

1. USA
2. India
3. Indonesia
4. Netherlands
5. UK

Investor Relations H1 2023 Overview | Unilever (26)

Ice Cream

Consists of Ice Cream, both in-home and out-of-home. Expand to view more.

In the 2022 financial year Ice Cream had a combined turnover of €7.9 billion.

Our best-known Ice Cream brands

Investor Relations H1 2023 Overview | Unilever (27)

Wall's

Live from the Heart!

Investor Relations H1 2023 Overview | Unilever (28)

Peace, love and ice cream

Investor Relations H1 2023 Overview | Unilever (29)

Magnum

True to pleasure

Geographical footprint – split by geographical area

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Geographical footprint – Emerging versus Developed Markets

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Geographical footprint - Top 5 countries

1. USA
2. Germany
3. China
4. UK
5. Italy

Investor Relations H1 2023 Overview | Unilever (30)

“Unilever’s performance in the first half highlights the qualities that attracted me to the business: an unmatched global footprint, a portfolio of great brands and a team of talented people. Leveraging our core strengths to drive improved performance and competitiveness is our absolute priority.”

Hein Schumacher: Chief Executive Officer
Investor Relations H1 2023 Overview | Unilever (31)

Latest results

Investor Relations H1 2023 Overview | Unilever (32)

Unilever Business Group restatements

Investor Relations H1 2023 Overview | Unilever (2024)

FAQs

What are the results of Unilever Q4 2024? ›

Hindustan Unilever Q4 Results Live : Hindustan Unilever declared their Q4 results on 24 Apr, 2024. The topline decreased by 0.03% & the profit decreased by 1.62% YoY. As compared to the previous quarter the revenue declined by 2.29% and the profit increased by 1.95%.

How does Unilever make money? ›

Unilever is a diversified consumer goods holding company. It makes its money through the sales of products across a range of categories, including beauty, personal care, and ice cream. This diversified portfolio helps the company weather volatility and grow profits over time.

What is the origin of Unilever? ›

Unilever PLC is a British multinational fast-moving consumer goods company founded on 2 September 1929 following the merger of British soap maker Lever Brothers and Dutch margarine producer Margarine Unie. It is headquartered in London.

Who is Unilever owned by? ›

Structure/Ownership. The company is a joint venture of Unilever NV (The Netherlands) and Unilever PLC (UK), the parent companies. Since 1930, the two companies have operated as one, linked by a series of agreements. They trade separately but have one board of directors.

What are the predictions for Unilever? ›

Unilever is forecast to grow earnings and revenue by 4.3% and 3.4% per annum respectively. EPS is expected to grow by 4.3% per annum. Return on equity is forecast to be 34.6% in 3 years.

What is the outlook for Unilever stock? ›

The highest analyst price target is $48.00 ,the lowest forecast is $48.00. The average price target represents -6.80% Decrease from the current price of $51.5. Unilever plc's analyst rating consensus is a Moderate Sell.

Who are the largest shareholders of Unilever? ›

Largest shareholders include Wellington Management Group Llp, BlackRock Inc., Fisher Asset Management, LLC, VEIPX - Vanguard Equity Income Fund Investor Shares, Fmr Llc, Bank Of America Corp /de/, Morgan Stanley, VWINX - VANGUARD WELLESLEY INCOME FUND Investor Shares, State Farm Mutual Automobile Insurance Co, and ...

Why is Unilever so big? ›

Established over 100 years ago, we are one of the world's largest consumer goods companies. We are known for our great brands and our belief that doing business the right way drives superior performance.

What is Unilever's biggest market? ›

The USA is Unilever's biggest market for four out of five of our business groups: Beauty & Wellbeing, Personal Care, Nutrition and Ice Cream.

Does BlackRock own Unilever? ›

Institutional investors own over 50% of the company, so together than can probably strongly influence board decisions. Hedge funds don't have many shares in Unilever. BlackRock, Inc. is currently the largest shareholder, with 9.1% of shares outstanding.

Is Unilever a good company? ›

Unilever has an overall rating of 4.1 out of 5, based on over 16,991 reviews left anonymously by employees. 84% of employees would recommend working at Unilever to a friend and 71% have a positive outlook for the business. This rating has been stable over the past 12 months. Does Unilever pay their employees well?

Is Unilever a boycott? ›

Unilever is the latest company to report a rough fourth quarter because of boycotts against the company over the war in the Middle East.

Does Unilever still own Ben and Jerry's? ›

Now it's exiting the ice cream business. Unilever's ownership of quirky ice cream maker Ben & Jerry's is coming to the end of its sometimes rocky road. The British consumer products company said Tuesday it plans to spin off the brand as well as its other ice cream businesses.

Who is the CEO of Unilever? ›

Hein was appointed Chief Executive Officer in July 2023. As CEO of Unilever, Hein is responsible for leading one of the world's largest and most geographically diverse consumer goods businesses, with presence in 190 countries, serving 3.4 billion people every day.

How rich is Unilever? ›

Market cap: $130.60 Billion

As of May 2024 Unilever has a market cap of $130.60 Billion. This makes Unilever the world's 107th most valuable company by market cap according to our data.

What is the dividend of Hul in 2024? ›

For the year ending March 2024 Hindustan Unilever has declared an equity dividend of 4200.00% amounting to Rs 42 per share. At the current share price of Rs 2362.55 this results in a dividend yield of 1.78%.

What is the result of Nestle Q4? ›

Nestle India Q4 results: Net profit up 27% at Rs 934 crore; stock up 2% - BusinessToday.

What is Unilever's 5 year dividend growth rate? ›

Unilever's Dividends per Share for the six months ended in Dec. 2023 was $0.92. During the past 3 years, the average Dividends Per Share Growth Rate was 0.40% per year. During the past 5 years, the average Dividends Per Share Growth Rate was 2.10% per year.

What is Unilever annual returns? ›

Unilever annual revenue for 2023 was $74.141B, a 17.14% increase from 2022. Unilever annual revenue for 2022 was $63.293B, a 2.01% increase from 2021. Unilever annual revenue for 2021 was $62.047B, a 7.08% increase from 2020.

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