Unilever posted first-half revenue of €25.6 billion with underlying sales growth of 4.8%, driven by a 4.2% rise in volumes, and upgraded its full-year guidance to 4% to 6% underlying sales growth. The second quarter saw underlying sales jump 5.8% and volumes surge 5.5%, the strongest quarterly volume performance since 2010, led by beauty and wellbeing, personal care, and home care divisions. Underlying operating profit edged up just 0.9% to €5.2 billion as currency moves and commodity inflation offset gains, while free cash flow rose 42.9% to €1.5 billion and net debt fell to €26 billion. CEO Fernando Fernandez is sharpening focus on higher-growth categories, with the food division being separated through a deal with McCormick. The volume recovery signals regained momentum, but margin expansion and European demand remain key tests ahead.
Unilever PLCUnilever reported strong volume growth and upgraded full-year sales guidance, indicating improved financial performance.
McCormick & Company IncorporatedUnilever's food division separation deal with McCormick may benefit McCormick through acquisition.
Unilever PLC