Analysts' consensus

Collected up to 10th January 2020

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Unilever is covered by various financial analysts and the consensus collection was compiled from 20th December 2019 to 10th January 2020.

Please note that the consensus numbers below are a collection of analysts' own projections and the circulation of the consensus does not provide or imply any check on, or endorsement of, these numbers by Unilever PLC or Unilever NV. Unilever will not provide any commentary on the consensus or answer questions on it. The circulation of the consensus by Unilever is not mandatory and Unilever may amend its practice on this at any time

Turnover (€ million)


Q4 2019Full Year 2019H1 2020Full Year 2020

Turnover (€ million)

12,67052,032
26,98353,908

Turnover change (%)

4.3%2.1%3.3%3.7%

Exchange rates (%)

1.8%1.5%0.0%-0.1%

Acquisitions and disposals (%)

0.8%-2.3%0.8%0.6%

Underlying sales growth (%)


Q4 2019Full Year 2019H1 2020Full Year 2020

Underlying sales growth (%)

1.4%2.8%2.4%3.1%

Price (%)

0.9%1.7%1.2%1.5%

Volume (%)

0.6%1.1%1.1%1.6%

Underlying Operating profit


Full Year 2019H1 2020Full Year 2020

Underlying Operating profit

9,918
5,35310,586
Underlying operating margin (%)19.1%
19.8%19.7%
Change in Underlying operating margin (%)0.5%
0.5%0.6%
Acquisition and disposal related costs-79
0-3
Gain/(loss) of disposal of group companies62
00
Impairments and other one-offs-14
-15-21
Non A&D restructuring costs-978
-314-592

Operating profit


Full Year 2019H1 2020Full Year 2020

Operating profit

8,873
4,9909,953

Operating margin (%)

17.1%
18.5%18.5%

Underlying Operating profit


Full Year 2019H1 2020Full Year 2020

Underlying Operating profit

9,918
5,35310,586
Net finance cost-675
-344-668
Joint ventures, associates189
95200
Non current investments17
819
Underlying profit before taxation9,445
5,10910,138
Underlying Tax Rate %26%
26%26%
Underlying Taxation-2,390
-1,276-2,566

Net profit (underlying)


Full Year 2019H1 2020Full Year 2020

Net profit (underlying)

7,062
3,8357,591

Attributable to non controlling interests (NCI)

438
237481

Underlying profit attributable to shareholders' equity 


Full Year 2019H1 2020Full Year 2020

Underlying profit attributable to shareholder's equity

6,622
3,5997,115
Average # of shares on a fully diluted basis2,628
2,6212,611

Underlying EPS (in Euros)


Full Year 2019H1 2020Full Year 2020

Underlying EPS (in Euros)

2.51
1.362.72

Underlying EPS growth (%)

6.7%
7.0%8.2%
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