Unilever PLC

Unilever reported a 1.3% increase in turnover to €46.4 billion year to date September 2024, driven by underlying sales growth of 4.3%, comprising 1.3% price growth and 2.9% volume growth. Volume gains were led by Beauty&Wellbeing (5.6%), Home Care (4.2%), and Personal Care (3.0%), while Ice Cream (1.5%) and Food (0.1%) underperformed. Volume growth in the fourth quarter of 2023 at 1.8%, reached 3.6% in the third quarter of 2024 as price growth slowed to 0.9%. With moderate inflationary pressures and targeted promotional activity, we expect price growth to remain subdued in the near term. We forecast organic revenue growth for 2025 will be 2%-3%, driven by increased focus on volumes and higher promotional efforts, though heightened competition

...December 16, 2024 We expect Unilever PLC to continue to focus on gaining volumes amid shifting market dynamics. Unilever reported a 1.3% increase in turnover to 46.4 billion year to date September 2024, driven by underlying sales growth of 4.3%, comprising 1.3% price growth and 2.9% volume growth. Volume gains were led by Beauty & Wellbeing (5.6%), Home Care (4.2%), and Personal Care (3.0%), while Ice Cream (1.5%) and Food (0.1%) underperformed. Volume growth in the fourth quarter of 2023 at 1.8%, reached 3.6% in the third quarter of 2024 as price growth slowed to 0.9%. With moderate inflationary pressures and targeted promotional activity, we expect price growth to remain subdued in the near term. We forecast organic revenue growth for 2025 will be 2%-3%, driven by increased focus on volumes and higher promotional efforts, though heightened competition will constrain market share growth. Unilever is strengthening its profitability through premiumization. We continue to estimate the EBITDA...

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