Another strong quarter of growth, with sales guidance raised to be above 8% for the full year 2022.
10.6%underlying sales growthaccelerated in the quarter compared to 2021
17.8%turnoverincrease compared to 2021
12.5%price growth in the quarterwith volumes declining 1.6%
14%growthgenerated by the €billion brands
Underlying sales growth (USG)
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Underlying volume growth (UVG)
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Underlying price growth (UPG)
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Q3 highlights
Underlying sales growth accelerated to 10.6% in the quarter, and sales guidance raised for the full year
Price growth stepped up to 12.5% in the quarter, with volumes declining 1.6%
Turnover increased 17.8% including a currency impact of 8.8% and (2.1)% from disposals net of acquisitions
The billion+ Euro brands, accounting for more than 50% of Group turnover, grew 14%, led by strong performances from OMO, Hellmann’s, Rexona, Magnum and Lux
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Emerging markets grew 13.3% with a 14.9% contribution from price and volume at (1.4)%
Developed markets increased by 7.1%, with 9.3% from price and (2.0)% from volume
Second €750 million share buyback tranche, announced in September, will complete in December 2022
Quarterly interim dividend for Q3 2022 is maintained at €0.4268
Our Business Groups
Since 1 July our brands operate in five Business Groups, each fully responsible and accountable for its strategy, growth, and profit delivery globally.
Beauty & Wellbeing
Consists of Hair Care, Skin Care, Prestige Beauty and Health & Wellbeing (including the vitamins, minerals and supplements business). Expand to view more.
In the 2021 financial year Beauty & Wellbeing had a combined turnover of €10.1 billion.
Geographical footprint – split by geographical area
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Geographical footprint – Emerging versus Developed Markets
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Geographical footprint - Top 5 countries
1. USA 2. India 3. UK 4. China 5. Netherlands
Ice Cream
Consists of Ice Cream, both in-home and out-of-home. Expand to view more.
In the 2021 financial year Ice Cream had a combined turnover of €6.9 billion.
Our best-known Ice Cream brands
Wall's
Live from the Heart!
Ben & Jerry's
Peace, love and ice cream
Magnum
True to pleasure
Geographical footprint – split by geographical area
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Geographical footprint – Emerging versus Developed Markets
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Geographical footprint - Top 5 countries
1. USA 2. Germany 3. UK 4. China 5. Italy
"We have delivered double-digit underlying sales growth and are raising our growth outlook for the year despite the obvious challenges of the macro-economic environment. The growth was broad-based, with all five Business Groups contributing, and volumes continuing to hold up well."
