Third Quarter highlights
• Underlying sales growth accelerated to 10.6% in the quarter, and sales guidance raised for the full year
• Price growth stepped up to 12.5% in the quarter, with volumes declining 1.6%
• Turnover increased 17.8% including a currency impact of 8.8% and (2.1)% from disposals net of acquisitions
• The billion+ Euro brands, accounting for more than 50% of Group turnover, grew 14%, led by strong
performances from OMO, Hellmann’s, Rexona, Magnum and Lux
• Simpler, more category-focused organisation operating since 1 July
• Continued portfolio reshaping with the sale of the global tea business completed and the acquisition of
Nutrafol, a leading provider of hair wellness products
• Second €750 million share buyback tranche, announced in September, will complete in December 2022
• Quarterly interim dividend for Q3 2022 is maintained at €0.4268
Chief Executive Officer statement
“Unilever has delivered another quarter of growth in challenging macroeconomic conditions. Underlying sales
growth improved to 10.6%, led by further increases in pricing with only a limited impact on volume, and we now
expect underlying sales growth for the full year 2022 to be above 8%.
We have delivered growth in each of our five Business Groups, led by a strong performance from our billion+ Euro
brands, growing 14% in the quarter. Strong pricing allows us to continue to drive increased investment behind our
brands.
Our organisation is now better structured to deliver consistent growth through a simpler, more category-focused
operating model. The full benefits will be realised over time, and we are seeing encouraging early signs of improved
accountability and faster decision-making.
The global macroeconomic outlook remains mixed, and we expect he challenges of high inflation to persist in 2023.
The delivery of consistent growth remains our first priority.”
https://www.unilever.com/files/b248d9a0 ... lights.pdf
Ian.