Analysts' consensus

Collected up to 4th January 2021

Writing guy

Unilever is covered by various financial analysts and the consensus collection was compiled from 9th December 2020 to 4th January 2021.

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.


Q4 2020Full Year 2020H1 2021Full Year 2021

Turnover (€ million)

12,16150,80925,63851,317

Turnover change (%)

-3.8%-2.3%-0.3%0.9%

Exchange rates (%)

-8.1%-5.1%-5.1%-2.7%

Acquisitions and disposals (%)

1.0%1.1%0.5%0.2%

Underlying sales growth (%)


Q4 2020Full Year 2020H1 2021Full Year 2021

Underlying sales growth (%)

3.5%1.9%4.6%3.6%

Price (%)

0.6%0.4%0.9%0.9%

Volume (%)

2.9%1.5%3.7%2.6%

Underlying Operating profit


Full Year 2020H1 2021Full Year 2021

Underlying Operating profit

9,6805,0379,862
Underlying operating margin (%)19.0%19.7%19.2%
Change in Underlying operating margin (%)-0.1%-0.1%0.2%
Acquisition and disposal related costs-37-3-7
Gain/(loss) of disposal of group companies600
Impairments and other one-offs-9-5-6
Non A&D restructuring costs-793-270-549

Operating profit


Full Year 2020H1 2021Full Year 2021

Operating profit

8,8324,7479,291

Operating margin (%)

17.4%18.6%18.1%

Underlying Operating profit


Full Year 2020H1 2021Full Year 2021

Underlying Operating profit

9,6805,0379,862
Net finance cost-606-284-588
Joint ventures, associates18395191
Non current investments626
Underlying profit before taxation9,2594,8569,475
Underlying Tax Rate %25%25%25%
Underlying Taxation-2,253-1,199-2,341

Net profit (underlying)


Full Year 2020H1 2021Full Year 2021

Net profit (underlying)

7,0103,6787,138

Attributable to non controlling interests (NCI)

481263515

Underlying profit attributable to shareholders' equity 


Full Year 2020H1 2021Full Year 2021

Underlying profit attributable to shareholder's equity

6,5243,3876,620
Average # of shares on a fully diluted basis2,6252,6152,610

Underlying EPS (in Euros)


Full Year 2020H1 2021Full Year 2021

Underlying EPS (in Euros)

2.491.292.54

Underlying EPS growth (%)

-2.3%-4.5%2.1%
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