Resilient performance, full year outlook reconfirmed
3.0%underlying sales growth
1.3%underlying volume growth
1.7%underlying price growth
Underlying sales growth (USG)
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Underlying volume growth (UVG)
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Underlying price growth (UPG)
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Q1 2025 highlights:
Underlying sales growth (USG) of 3.0%, with volume growth of 1.3% and price of 1.7%
Turnover of €14.8 billion, down -0.9% including -2.7% from net disposals
2025 full year outlook reconfirmed with 3-5% USG and a modest improvement in underlying operating margin
Productivity programme ahead of plan, delivering an aggregate c.€550 million savings by end 2025
Ice Cream separation on track, Capital Markets Day on 9 September ahead of demerger in Q4
Ongoing €1.5 billion share buyback to be completed in first half of 2025
Our Business Groups
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 2024 financial year Beauty & Wellbeing had a combined turnover of €13.2 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
USA
Turkey
Germany
UK
Mexico
“We have started the year with a resilient performance. First quarter underlying sales growth of 3% reflects the strength of our increasingly premium and innovation-led portfolio in developed markets. We have interventions in place in some emerging markets to step up growth in the remainder of the year.
Heightened global macroeconomic uncertainty is a fact; however, the quality of our innovation programme, the strong investment behind our brands and our improving competitiveness give us confidence we will deliver on our full year plans."
