Business
Half-year Report
Half-year Report.
About this update from Unilever Plc
[{"type":"text","content":"\n\n \n \n 2023 First Half Results\n\n Solid first half performance, continued growth across all Business Groups\n \n \nUnderlying performance GAAP measures\n \n\n\n\n(unaudited)\n\n\n2023\n\n\nvs 2022\n\n\n2023\n\n\nvs 2022\n\n\n\n\nFirst Half\n\n\n\n\n\n\n\n\n\n\nUnderlying sales growth (USG)\n\n\n\n\n\n9.1%\n\n\nTurnover\n\n\n€30.4bn\n\n\n2.7%\n\n\n\n\nBeauty & Wellbeing\n\n\n\n\n\n9.1%\n\n\nBeauty & Wellbeing\n\n\n€6.2bn\n\n\n8.6%\n\n\n\n\nPersonal Care\n\n\n\n\n\n10.8%\n\n\nPersonal Care\n\n\n€6.9bn\n\n\n7.3%\n\n\n\n\nHome Care\n\n\n\n\n\n8.4%\n\n\nHome Care\n\n\n€6.2bn\n\n\n3.0%\n\n\n\n\nNutrition\n\n\n\n\n\n10.4%\n\n\nNutrition\n\n\n€6.6bn\n\n\n(7.1)%\n\n\n\n\nIce Cream\n\n\n\n\n\n5.7%\n\n\nIce Cream\n\n\n€4.5bn\n\n\n3.9%\n\n\n\n\nUnderlying operating profit\n\n\n€5.2bn\n\n\n3.3%\n\n\nOperating profit\n\n\n€5.5bn\n\n\n22.6%\n\n\n\n\nUnderlying operating margin\n\n\n17.1%\n\n\n10bps\n\n\nOperating margin\n\n\n18.1%\n\n\n290bps\n\n\n\n\nUnderlying earnings per share\n\n\n€1.39\n\n\n3.9%\n\n\nDiluted earnings per share\n\n\n€1.40\n\n\n23.6%\n\n\n\n\nFree cash flow\n\n\n€2.5bn\n\n\n€0.2bn\n\n\nNet profit\n\n\n€3.9bn\n\n\n20.7%\n\n\n\n\nSecond Quarter\n\n\n\n\n\n\n\nUSG\n\n\n\n\n\n7.9%\n\n\nTurnover\n\n\n€15.7bn\n\n\n(0.4)%\n\n\n\n\nQuarterly dividend payable in September 2023\n\n\n€0.4268 per share (a)\n\n\n\n(a) See note 10 for more information on dividends\nFirst half highlights\n• Underlying sales growth of 9.1%, driven by all Business Groups, with 9.4% price growth and (0.2)% volume\n• Turnover increased 2.7% to €30.4 billion, with (3.2)% from currency and (2.7)% from disposals net of acquisitions\n• Underlying operating profit improved 3.3% to €5.2 billion, with a 10bps margin improvement to 17.1%\n• Underlying earnings per share improved 3.9%, diluted EPS up 23.6%, boosted by profit on disposals and lower restructuri...