Unilever Half-Year Report 2023

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