Unilever Q3 Report 2023

Highlights

• Underlying sales growth of 5.2% with 5.8% price growth and (0.6)% volume decline.
• Underlying price growth continues to moderate as inflation eases, with underlying volumes now positive in Beauty & Wellbeing, Personal Care and Home Care.
• Turnover decreased (3.8)% to €15.2 billion with (8.0)% from currency and (0.6)% from disposals net of acquisitions.
• Our billion+ Euro brands, accounting for 56% of Group turnover, delivered underlying sales growth of 7.2%, with 5.7% price growth and 1.4% volume growth, led by strong performances from Dove, Hellmann’s, Rexona and Sunsilk.
• Our 2023 outlook remains unchanged with underlying sales growth above 5% and a modest improvement in underlying operating margin.
• Today we set out an action plan focused on: faster growth, greater productivity and simplicity, powered by a stronger performance culture. These targeted actions will address the gap between our past performance and potential, delivering improved value creation.