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H1 2023 Overview

Solid first half performance, continued growth across all Business Groups.

Summary

A range of Unilever products being used.

Detailed description

The ice cream of a Magnum being enveloped in chocolate.

A jar of Hellmann’s mayonnaise on a kitchen counter with a sandwich in the background.

The sandwich being pressed down.

A woman rubs Vaseline on her lower legs.

A man tosses a Persil capsule into a washing machine.

A Persil 3-in-1 Bio packshot with the words ‘Dirt is good’.

  • 9.1%underlying sales growthIllustration of a green arrow pointing upwardcompared to H1 2022
  • 9.4%price growthwith volumes virtually flat at -0.2%
  • €30.4 bnturnoverIllustration of a green arrow pointing upward2.7% increase compared to H1 2022
  • 10.8%underlying sales growthIllustration of a green arrow pointing upwarddelivered by our €1 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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Woman in a blue shirt standing against a blue car, drinking a bottle of Liquid I.V.

H1 highlights

  • Underlying sales growth of 9.1%, driven by all Business Groups, with 9.4% price growth and -0.2% volume
  • Turnover increased 2.7% to €30.4 billion, with -3.2% from currency and -2.7% from disposals net of acquisitions
  • Underlying operating profit improved 3.3% to €5.2 billion, with a 10bps margin improvement to 17.1%
  • Underlying earnings per share improved 3.9%, diluted EPS up 23.6%,boostedby profit on disposals and lower restructuring spend
Lux soaps
  • Completed third €750 million tranche of our ongoing share buyback programme of up to €3 billion
  • Brand and marketing investment increased €0.4 billion in constant exchange rates
  • Our billion+ Euro brands, accounting for 55% of Group turnover, delivered underlying sales growth of 10.8%, led by strong performances from Rexona, Hellmann’s, OMO, Sunsilk and Lux
  • Continued portfolio reshaping with the announced acquisition of the frozen yoghurt brand Yasso and the sale of the Suave brand in North America
People’s arms raised holding a World Cup. Logos for FIFA Women’s World Cup, Unilever, Rexona, Dove, Lifebuoy and Lux overlaid

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 illustration

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

Hein Schumacher

“Unilever’s performance in the first half highlights the qualities that attracted me to the business: an unmatched global footprint, a portfolio of great brands and a team of talented people. Leveraging our core strengths to drive improved performance and competitiveness is our absolute priority.”

Hein Schumacher: Chief Executive Officer
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