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2022 Full Year Results

Strong sales growth and continued progress against strategy.

Summary

A range of Unilever products being used.

Detailed description

Woman pulls Magnum out of its wrapper.

Chocolate and caramel sauce is poured onto a Billionaires Magnum.

Two women dance in synch whilst each holding a Magnum.

A woman rubs product into her arm.

A pack shot of the Dove moisture boost body cleanser.

A man cleans his kitchen hob using CIF spray.

The dirt lifts off the hob.

  • 9.0%underlying sales growthIllustration of a green arrow pointing upwardaccelerated compared to 2021
  • 14.5%turnoverIllustration of a green arrow pointing upwardincrease compared to 2021
  • 9.7bnunderlying operating profitIllustration of a green arrow pointing upwardincrease compared to 2021
  • 2.57underlying earnings per shareRed arrow pointing downwardsdecrease compared to 2021

Underlying sales growth (USG)

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Underlying volume growth (UVG)

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Underlying price growth (UPG)

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Sunsilk products

Full year highlights

  • Underlying sales growth accelerated to 9.0%, driven by all Business Groups, with price growth of 11.3% and volumes declining 2.1%
  • Turnover increased 14.5% to €60.1 billion, including 6.2% from currency and (1.0)% from disposals net of acquisitions
  • Underlying operating profit improved slightly to €9.7 billion despite margin decline of 230bps driven by input cost inflation
  • Underlying earnings per share decreased 2.1%, diluted EPS up 28.8% helped by profit on disposals
  • Free cash flow €5.2 billion, including €0.3 billion of tax paid on separation of ekaterra, the global Tea business, reflects 97% cash conversion
  • €1.5 billion share buyback and €4.3 billion dividends during 2022
  • Brand and marketing investment increased €0.5 billion in constant exchange rates
  • Our billion+ Euro brands, accounting for 53% of Group turnover, delivered underlying sales growth of 10.9%, led by strong performances from OMO, Hellmann's, Rexona, Sunsilk and Magnum
  • Simpler, more category-focused organisation, in place since 1 July, is driving greater operational focus and faster decisions
Photo of Rexona deodorant

Our Business Groups

Since 1 July 2022, 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 2022 financial year Beauty & Wellbeing had a combined turnover of €12.3 billion.

Our best-known Beauty & Wellbeing brands

Dove pack shot

Dove

Our mission is to make a positive experience of beauty accessible to all women

Sunsilk  pack illustration

Sunsilk

Opening up possibilities for girls everywhere

Vaseline pack illustration

Vaseline

Everyone, everywhere deserves healthy, beautiful skin

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. China
4. Indonesia
5. Brazil

Personal Care

Consists of Skin Cleansing, Deodorants, Oral Care and Elida Beauty. Expand to view more.

In the 2022 financial year Personal Care had a combined turnover of €13.6 billion.

Our best-known Personal Care brands

Axe pack shot

Axe

When you smell good, good things happen

Dove pack shot

Dove

Our mission is to make a positive experience of beauty accessible to all women

Lifebuoy pack shot

Lifebuoy

Help parents ensure their kids fall ill less often

Lux pack shot

LUX

Inspiring women to rise above everyday sexist judgements and express their beauty and femininity unapologetically

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. Brazil
4. Indonesia
5. UK

Home Care

Consists of Fabric Cleaning, Home & Hygiene, Fabric Enhancers and Water & Air Wellness. Expand to view more.

In the 2022 financial year Home Care had a combined turnover of €12.4 billion.

Our best-known Home Care brands

Cif pack shot

Cif

Goodbye ugly dirt. Hello beautiful

Domestos pack shot

Domestos

To win the war against unsafe sanitation and poor hygiene

OMO pack shot

OMO

Dirt Is Good!

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. India
2. Brazil
3. China
4. Vietnam
5. Indonesia

Nutrition

Consists of Scratch Cooking Aids, Dressings, Beverages and Functional Nutrition (including Horlicks and Boost). Expand to view more.

In the 2022 financial year Nutrition had a combined turnover of €13.9 billion.

Our best-known Nutrition brands

Knorr pack shot

Knorr

Reinventing Food for Humanity

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. Indonesia
4. Netherlands
5. UK

Ice Cream

Consists of Ice Cream, both in-home and out-of-home. Expand to view more.

In the 2022 financial year Ice Cream had a combined turnover of €7.9 billion.

Our best-known Ice Cream brands

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. China
4. UK
5. Italy

A portrait of Alan Jope, Unilever CEO

"Unilever delivered a year of strong topline growth in challenging macroeconomic conditions. Underlying sales growth was 9.0%, driven by disciplined pricing action in response to high input cost inflation. Growth was broad- based across each of our five Business Groups, led by strong performances from our billion+ Euro brands."

Alan Jope: Former Chief Executive Officer
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