Analysts' Consensus

Collected up to 2nd October 2019

Charts and figures on iPad and on paper

Unilever is covered by various financial analysts and the consensus collection was compiled from 24th September to 2nd October 2019

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)


Q3 2019Q4 2019H2 2019Full Year 2019

Turnover (€ million)

13,23712,87626,10852,234

Turnover change (%)

5.7%6.0%5.8%2.5%

Exchange rates (%)

2.3%1.9%2.0%1.4%

Acquisitions and disposals (%)

0.4%0.6%0.5%-2.3%

Underlying sales growth (%)


Q3 2019Q4 2019H2 2019Full Year 2019

Underlying sales growth (%)

3.0%3.7%3.4%3.4%

Price (%)

1.7%1.6%1.7%1.9%

Volume (%)

1.3%2.1%1.7%1.4%

Underlying Operating profit


H2 2019Full Year 2019

Underlying Operating profit

4,9379,991
Underlying operating margin (%)18.9%19.1%
Change in Underlying operating margin (%)0.7%0.6%
Acquisition and disposal related costs-14-91
Gain/(loss) of disposal of group companies-363
Impairments and other one-offs-3-3
Non A&D restructuring costs-574-1,028

Operating profit


H2 2019Full Year 2019

Operating profit

4,3428,931

Operating margin (%)

16.6%17.1%

Underlying Operating profit


H2 2019Full Year 2019

Underlying Operating profit

4,9379,991
Net finance cost-312-663
Joint ventures, associates101183
Non current investments1113
Underlying profit before taxation4,7379,524
Underlying Tax Rate %26%26%
Underlying Taxation-1,202-2,436

Net profit (underlying)


H2 2019Full Year 2019

Net profit (underlying)

3,5297,081

Attributable to non controlling interests (NCI)

231442

Underlying profit attributable to shareholders' equity 


H2 2019Full Year 2019

Underlying profit attributable to shareholder's equity

3,2986,640
Average # of shares on a fully diluted basis2,6212,624

Underlying EPS (in Euros)


H2 2019Full Year 2019

Underlying EPS (in Euros)

1.262.53

Underlying EPS growth (%)

10.3%7.5%
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