Solid first half performance, continued growth across all Business Groups.
9.1%underlying sales growthcompared to H1 2022
9.4%price growthwith volumes virtually flat at -0.2%
€30.4 bnturnover2.7% increase compared to H1 2022
10.8%underlying sales growthdelivered 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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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%,boosted by profit on disposals and lower restructuring spend
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
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’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.”
compared to H1 2022
