Strong sales growth and continued progress against strategy.
9.0%underlying sales growthaccelerated compared to 2021
14.5%turnoverincrease compared to 2021
€9.7bnunderlying operating profitincrease compared to 2021
€2.57underlying earnings per sharedecrease compared to 2021
Underlying sales growth (USG)
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Underlying volume growth (UVG)
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Underlying price growth (UPG)
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Full year highlights
Underlying sales growth accelerated to 9.0%, driven by all Business Groups, with price growth of 11.3% and volumes declining 2.1%
Turnover increased 14.5% to €60.1 billion, including 6.2% from currency and (1.0)% from disposals net of acquisitions
Underlying operating profit improved slightly to €9.7 billion despite margin decline of 230bps driven by input cost inflation
Underlying earnings per share decreased 2.1%, diluted EPS up 28.8% helped by profit on disposals
Free cash flow €5.2 billion, including €0.3 billion of tax paid on separation of ekaterra, the global Tea business, reflects 97% cash conversion
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€1.5 billion share buyback and €4.3 billion dividends during 2022
Brand and marketing investment increased €0.5 billion in constant exchange rates
Our billion+ Euro brands, accounting for 53% of Group turnover, delivered underlying sales growth of 10.9%, led by strong performances from OMO, Hellmann's, Rexona, Sunsilk and Magnum
Simpler, more category-focused organisation, in place since 1 July, is driving greater operational focus and faster decisions
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.
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.
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
"Unilever delivered a year of strong topline growth in challenging macroeconomic conditions. Underlying sales growth was 9.0%, driven by disciplined pricing action in response to high input cost inflation. Growth was broad- based across each of our five Business Groups, led by strong performances from our billion+ Euro brands."
accelerated compared to 2021
decrease compared to 2021
