Unilever Full-Year Report 2022

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
• €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 organization, in place since 1 July, is driving greater operational focus and faster decisions