Analysts' consensus

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Unilever is covered by various financial analysts and the consensus collection was compiled from 15th September - 1st October.

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. 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.


Q3 2021Q4 2021Full Year 2021Full Year 2022

Turnover (€ million)

13,31612,692 51,78153,982

Turnover change (%)

3.0%4.9%2.1%4.3%

Exchange rates (%)

0.2%1.3%-2.7%0.3%

Acquisitions and disposals (%)

0.4%0.2%0.8%0.1%

Underlying sales growth (%)


Q3 2021Q4 2021Full Year 2021Full Year 2022

Underlying sales growth (%)

2.2%3.3%4.1%3.9%

Price (%)

2.4%2.9%2.0%2.1%

Volume (%)

-0.2%0.3%2.0%1.7%

Underlying Operating profit


Full Year 2021Full Year 2022

Underlying Operating profit

9,4779,945
Underlying operating margin (%)18.3%18.4%
Change in Underlying operating margin (%)-0.2%0.1%
Acquisition and disposal related costs-130-14
Gain/(loss) of disposal of group companies70
Impairments and other one-offs-2-2
Non A&D restructuring costs-869-927

Operating profit


Full Year 2021Full Year 2022

Operating profit

8,4869,013

Operating margin (%)

16.4%16.7%

Underlying Operating profit


Full Year 2021Full Year 2022

Underlying Operating profit

9,4779,945
Net finance cost-463-486
Joint ventures, associates185193
Non current investments254
Underlying profit before taxation9,2269,656
Underlying Tax Rate %24%25%
Underlying Taxation-2,227-2,359

Net profit (underlying)


Full Year 2021Full Year 2022

Net profit (underlying)

7,0077,312

Attributable to non controlling interests (NCI)

535572

Underlying profit attributable to shareholders' equity


Full Year 2021Full Year 2022

Underlying profit attributable to shareholder's equity

6,4576,726
Average # of shares on a fully diluted basis2,5982,561

Underlying EPS (in Euros)


Full Year 2021Full Year 2022

Underlying EPS (in Euros)

2.492.63

Underlying EPS growth (%)

0.2%5.6%
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