UL - Unilever Non-GAAP EPS of Euro1.39 revenue of Euro30.43B

2023-07-25 03:06:14 ET

• Unilever press release ( NYSE: UL ): 1H Non-GAAP EPS of €1.39.
• Revenue of €30.43B (+2.7% Y/Y).
• Underlying sales growth of 9.1%, driven by all Business Groups, with 9.4% price growth and (0.2)% volume.
• Outlook: "In a volatile and high-cost environment, we will deliver another year of strong underlying sales growth in 2023. We expect underlying sales growth for the full year to be above 5%, ahead of our multi-year range, with underlying price growth continuing to moderate through the year. Our expectation for net material inflation for 2023 is around €2 billion of which €0.4 billion is anticipated in the second half. We continue to expect a modest improvement in underlying operating margin for the full year, reflecting higher gross margin and increased investment behind our brands."

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