Unilever Plc · LSE:ULVR
Unilever — Q3 2026 Earnings Presentation
15 slides from Unilever's earnings presentation, Oct 28, 2026
Slide 1: Q3 2026 Trading Statement
Q3 2026 Trading Statement Fernando Fernandez & Srinivas Phatak 28 October 2026 1
Slide 2: Safe harbour statement
Safe harbour statement This presentation may contain forward-looking statements within the meaning of the securities laws of certain jurisdictions, including ‘forward-looking statements’ within the meaning of the United States Private Securities Litigation Reform Act of 1995. All statements other th
Slide 3: Consistent performance with superior volume growth
Consistent performance with superior volume growth POWER HPC BRANDS 4.9% 4.7% 3.8% 3.8% 3.3% 2.7% >2% Medium Term Ambition 2024 to 2026 YTD 2026 YTD 3 3 2024-2026 YTD represents average UVG across 11 quarters. Comparative figures have been represented to reflect the demerger of the Ice Cream Busines
Slide 4: Performance powered by Desire at Scale
Performance powered by Desire at Scale 1 Strong growth and volume 5.2% USG with 2.9% UVG 2 Power Brands leading 5.8% USG with 3.3% UVG 3 Broad-based strength across HPC 7.0% USG with 4.1% UVG 4 Emerging markets momentum Asia Pacific Africa 10.1% USG, Latin America 8.5% USG 5 Pricing step up
Slide 5: Strong volume delivery, with pricing step up
Strong volume delivery, with pricing step up Unilever Power Brands Unilever Volume and Price 5.2% Underlying sales growth 5.8% Underlying sales growth USG UVG UPG 5.8% 5.2% 4.0% 4.2% 3.8% 2.9% Underlying volume growth 3.3% Underlying volume growth 1.7% 2.1% 2.9% 5.5% 2.9% 2.3% 2.4% Q3'25 Q4'25 Q1'26
Slide 6: Beauty & Wellbeing €3.5bn turnover
Beauty & Wellbeing €3.5bn turnover Good momentum, led by Hair Care performance 5.7% USG UVG UPG Q3 USG 8.1% 5.7% 3.6% 5.1% 4.7% Q3 UPG Q3 UVG 3.6% 2.1% 2.3% 2.8% 1.9% 6.9% 3.6% Q3'25 Q4'25 Q1'26 Q2'26 Q3'26 Skin Care grew mid-single Hair Care momentum digit, led by Vaseline. Strong Wellbeing decline
Slide 7: Personal Care €3.6bn turnover
Personal Care €3.6bn turnover Broad-based growth, strong brand equity following FIFA World Cup 2026 6.3% USG UVG UPG Q3 USG 5.9% 6.3% 3.8% 5.1% Q3 UPG Q3 UVG 4.1% 3.7% 2.4% 1.0% 0.6% 1.1% 6.8% 3.8% Q3'25 Q4'25 Q1'26 Q2'26 Q3'26 Deodorants grew mid-single Pricing step up in response to High-single di
Slide 8: Home Care €3.1bn turnover
Home Care €3.1bn turnover Strong volume growth continues with accelerated pricing 9.1% USG UVG UPG Q3 USG 9.1% 9.1% 6.1% 5.4% 4.7% Q3 UPG Q3 UVG 3.1% 3.6% 2.5% 4.0% 6.2% 8.6% 5.4% Q3'25 Q4'25 Q1'26 Q2'26 Q3'26 Competitive performance Multi-year innovation Pricing actions to offset driving double-dig
Slide 9: Foods €3.1bn turnover
Foods €3.1bn turnover Emerging markets and UFS strength offset by developed markets retail 0.1% USG UVG UPG Q3 USG (1.1)% 3.4% Q3 UPG Q3 UVG 2.3% 2.2% 0.2% 0.1% 1.3% 1.3% 1.3% 2.4% (0.1)% (1.1)% Q3'25 Q4'25 Q1'26 Q2'26 Q3'26 Unilever Food Solutions grew Good Emerging Markets Targeted actions on US l
Slide 10: Emerging markets drove strong, volume-led growth
Emerging markets drove strong, volume-led growth North America Europe 18% of Group turnover 22% of Group turnover (0.7)% (1.7)% Q3 USG Q3 USG Asia Pacific Africa (2.5)% (0.4)% 45% of Group turnover 10.1% UVG UVG 1.8% Latin America (1.3)% UPG 15% of Group turnover UPG Q3 USG 8.5% 5.8% UVG 4.1% Q3 USG
Slide 11: Strong operating performance driving turnover
Strong operating performance driving turnover Turnover +6.7% A&D 0.8% USG 5.2% 1.4% 0.6% 2.3% 2.9% (0.6)% FY 2026 currency impact (2)%1 €12.4bn €13.3bn Q3 2025 UVG UPG Acquisitions Disposals Currency Q3 2026 turnover turnover 11 11 (1) Based on spot rates in October plus extreme price growth above 2
Slide 12: Full year 2026 outlook upgraded
Full year 2026 outlook upgraded GROWTH MARGIN FY USG of 4% to 6%, within multi- FY modest improvement year guidance range in underlying operating margin vs 20.0% in 2025 FY UVG of at least 3% H2 USG of around 5% 12 12
Slide 13: Perform and transform
Perform and transform 1 Consistent performance, average 2.7% UVG over last 11 quarters 2 Strong Q3 - continued volume delivery and pricing acceleration 3 Foods separation on track 4 Unlocking our potential as a focused HPC company 13 13
Slide 14: Ontwev
Ontwev
Slide 15: Other financial guidance for 2026
Other financial guidance for 2026 • Capex above 3% of turnover • Restructuring at around 1.0% of turnover • Leverage of around 2x net debt / underlying EBITDA • Net finance costs less than 3% on average net debt • Underlying effective tax rate to remain around 26% • Currency impact1 on full year exp