Strong start to the year and continued progress against strategic priorities
First Quarter 2023
(unaudited)
USG
Turnover
vs 2022
Unilever
10.5%
€14.8bn
7.0%
Beauty & Wellbeing
9.3%
€3.1bn
13.3%
Personal Care
12.7%
€3.4bn
12.6%
Home Care
10.2%
€3.2bn
8.6%
Nutrition
11.9%
€3.4bn
(4.4)%
Ice Cream
6.0%
€1.7bn
8.0%
First Quarter highlights
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Underlying sales growth (USG) accelerated to 10.5%, driven by progress against strategic priorities Growth was broad-based across Business Groups and geographies
Price growth remained elevated at 10.7%, with an improved quarter-on-quarter volume performance at (0.2)% Turnover increased 7.0% to €14.8 billion, including a currency impact of (0.4)% and (2.8)% from disposals net of acquisitions
Our billion+ Euro brands, accounting for 54% of Group turnover, delivered underlying sales growth of 12.1%, led by strong performances from OMO, Hellmann's, Rexona and Lux
Continued portfolio reshaping with the announced sale of the Suave brand in North America Third €750 million share buyback tranche, announced in March, will complete in July 2023 Quarterly interim dividend for Q1 2023 is maintained at €0.4268
Chief Executive Officer statement
"Unilever has had a good start to the year, delivering another quarter of strong topline growth. Underlying sales growth accelerated to 10.5%, driven by price growth in response to continued high input cost inflation and an improved volume performance.
We are continuing to execute well on our strategic priorities. Growth was broad-based across the five Business Groups, underpinned by strong performances from our billion+ Euro brands. We have stepped up both the effectiveness of our innovation and the investment behind our brands. We continue to shift our portfolio into higher growth spaces, with the delivery of another quarter of double-digit sales growth in Prestige Beauty and Health & Wellbeing, and the announced sale of Suave in North America. Our new operating model is driving focused resource allocation, and is unlocking a culture of bolder, faster decision-making and disciplined execution.
We remain focused on navigating through continued macroeconomic uncertainty and are confident in our ability to deliver another year of strong growth, which remains our first priority."
Alan Jope
27 April 2023
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Unilever plc published this content on 27 April 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 27 April 2023 06:17:05 UTC.
Unilever PLC (Unilever) is one of the world's leading suppliers of Beauty & Personal Care, Home Care, and Foods & Refreshment products with sales in over 190 countries and reaching 3.4 billion consumers a day. Over half of the company's footprint is in developing and emerging markets. Unilever has over 400 brands found in homes all over the world, including Dove, Knorr, Dirt Is Good, Rexona, Hellmann's, Lipton, Wall's, Lux, Magnum, Axe, Sunsilk and Surf. Unilever's Sustainable Living Plan (USLP) underpins the company's strategy. The USLP creates value by driving growth and trust, eliminating costs and reducing risks. Since 2010 the company has been taking action through the Unilever Sustainable Living Plan to help more than a billion people improve their health and well-being, halve its environmental footprint and enhance the livelihoods of millions of people as it grows its business. Unilever has already made significant progress and continues to expand its ambition - most recently committing to ensure 100% of its plastic packaging is fully reusable, recyclable or compostable by 2025.
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