Overview Key strengths Key risks A leader in the global consumer goods market, with several top brands in the beauty and wellbeing (21% of group turnover), personal care (23%), home care (21%), nutrition (22%), and ice cream (13%) segments. Exposure to fast-changing consumer preferences, as households seek value and look to moderate their spending. Highly diversified product portfolio, and across regions with significant brand equity and consumer awareness. Ongoing changes in the retail networks and tough private label competition, are putting pressure on consumer goods companies. Large presence in fast-expanding emerging markets, which represent 58% of the group's turnover. Need to constantly invest and innovate to ward off competition from challenger brands and products. Strong free cash flow generation and
