a6698x
FORM 6-K
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
REPORT OF FOREIGN ISSUER
Pursuant to Rule 13a-16 or 15d-16
of the Securities Exchange Act of 1934
Dated April
27, 2023
Commission
File Number: 001-04546
UNILEVER PLC
(Translation
of registrant's name into English)
UNILEVER HOUSE, BLACKFRIARS, LONDON, ENGLAND
(Address
of principal executive offices)
Indicate
by check mark whether the registrant files or will file annual
reports
under
cover Form 20-F or Form 40-F.
Form
20-F..X..
Form 40-F
Indicate
by check mark if the registrant is submitting the Form 6-K in
paper
as
permitted by Regulation S-T Rule 101(b)(1):_____
Indicate
by check mark if the registrant is submitting the Form 6-K in
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as
permitted by Regulation S-T Rule 101(b)(7):_____
Indicate
by check mark whether the registrant by furnishing the
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in this Form is also thereby furnishing the information to
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pursuant to Rule 12g3-2(b) under the Securities Exchange Act of
1934.
Yes
No .X..
If
"Yes" is marked, indicate below the file number assigned to the
registrant
in
connection with Rule 12g3-2(b): 82- _______
Exhibit
99 attached hereto is incorporated herein by
reference.
Signatures
Pursuant
to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf
by the undersigned, thereunto duly authorized.
UNILEVER
PLC
|
|
|
|
/S/ M VARSELLONA
|
BY M VARSELLONA
|
CHIEF LEGAL OFFICER AND GROUP SECRETARY
|
Date:
27 April, 2023
EXHIBIT INDEX
------------------------
EXHIBIT
NUMBER
|
EXHIBIT
DESCRIPTION
|
99
|
Notice
to London Stock Exchange dated 27 April 2023
|
|
1st Quarter
Results
|
Exhibit
99
Unilever Trading Statement - First Quarter 2023
Strong start to the year and continued progress against strategic
priorities
|
|
First Quarter 2023
|
(unaudited)
|
USG
|
Turnover
|
vs
2022
|
Unilever
|
10.5%
|
€14.8bn
|
7.0%
|
Beauty
& Wellbeing
|
9.3%
|
€3.1bn
|
13.3%
|
Personal
Care
|
12.7%
|
€3.4bn
|
12.6%
|
Home
Care
|
10.2%
|
€3.2bn
|
8.6%
|
Nutrition
|
11.9%
|
€3.4bn
|
(4.4)%
|
Ice
Cream
|
6.0%
|
€1.7bn
|
8.0%
|
First Quarter highlights
●
Underlying
sales growth (USG) accelerated to 10.5%, driven by progress against
strategic priorities
●
Growth was
broad-based across
Business Groups and geographies
●
Price
growth remained elevated at 10.7%, with an improved
quarter-on-quarter volume performance at (0.2)%
●
Turnover
increased 7.0% to €14.8 billion, including a currency impact
of (0.4)% and (2.8)% from disposals net of
acquisitions
●
Our billion+ Euro brands,
accounting for 54% of Group turnover, delivered underlying sales
growth of 12.1%, led by strong performances from OMO,
Hellmann's, Rexona and Lux
●
Continued
portfolio reshaping with the announced sale of the Suave brand in
North America
●
Third
€750 million share buyback tranche, announced in March, will
complete in July 2023
●
Quarterly
interim dividend for Q1 2023 is maintained at
€0.4268
Chief Executive Officer statement
"Unilever has had a good start to the year, delivering another
quarter of strong topline growth. Underlying sales growth
accelerated to 10.5%, driven by price growth in response to
continued high input cost inflation and an improved volume
performance.
We are continuing to execute well on our strategic priorities.
Growth was broad-based across the five Business Groups, underpinned
by strong performances from our billion+ Euro brands. We have
stepped up both the effectiveness of our innovation and the
investment behind our brands. We continue to shift our portfolio
into higher growth spaces, with the delivery of another quarter of
double-digit sales growth in Prestige Beauty and Health &
Wellbeing, and the announced sale of Suave in North America. Our
new operating model is driving focused resource allocation, and is
unlocking a culture of bolder, faster decision-making and
disciplined execution.
We remain focused on navigating through continued macroeconomic
uncertainty and are confident in our ability to deliver another
year of strong growth, which remains our first
priority."
Alan Jope
27 April 2023
In a volatile and high-cost environment, we continue to carefully
balance price growth, volume and competitiveness. We will deliver
another year of strong underlying sales growth in 2023, with an
improved volume performance compared to 2022. We will continue to
price and drive our cost savings programmes in order to allow us to
invest behind our brands.
Our expectation for net material inflation (NMI) for 2023 is
unchanged. We anticipate around €1.5 billion in the first
half and significantly lower NMI in the second half, with a wide
range of possible outcomes, though we do not expect cost
deflation.
We now expect underlying sales growth for the full year 2023 to be
at least at the upper end of our multi-year range of
3 - 5%. Underlying price growth will remain high in the first half
and soften through the year.
Underlying operating margin in the first half will be at least 16%.
We continue to expect a modest improvement in underlying operating
margin in the full year, with another year of increased
investment.
First Quarter Review: Unilever Group
|
(unaudited)
|
Turnover
|
USG
|
UVG
|
UPG
|
Acquisitions
|
Disposals
|
Currency
|
Turnover change
|
First Quarter
|
€14.8bn
|
10.5%
|
(0.2)%
|
10.7%
|
0.7%
|
(3.5)%
|
(0.4)%
|
7.0%
|
Performance
Underlying sales growth accelerated to 10.5% in the first quarter.
As underlying price growth moderated to 10.7% from 13.3% in the
fourth quarter of 2022, volumes were virtually flat at (0.2)%,
driven by a step-up in volume performance across all Business
Groups.
Beauty & Wellbeing grew underlying sales by 9.3% driven by
price. Volume growth of 2.6% was helped by another quarter of
double-digit growth in Prestige Beauty and Health & Wellbeing,
which now account for 5% of Group turnover. Personal Care
underlying sales were up 12.7%, driven by price and 3.0% volume
growth of which the majority came from strong pipeline refill in
Deodorants. Home Care delivered 10.2% USG with a volume decline of
2.8% which was largely caused by lower volumes in Home &
Hygiene and Air Wellness. Nutrition grew 11.9% with slightly
negative volume at (1.3)% driven by Scratch Cooking Aids. Ice Cream
improved underlying sales by 6.0% despite negative UVG of 4.1%.
Volumes grew in out-of-home channels but this was more than offset
by lower in-home volumes.
Emerging markets grew underlying sales by 11.7% with price of 11.8%
and volume at (0.1)%. Latin America stepped up growth to 18.7%, led
by continued strong price growth and volumes at 0.2%. South Asia
grew again double-digit through price and volume. China returned to
positive USG of 1.8% following the lifting of pandemic-related
restrictions. South East Asia grew mid-single digit, while Turkey
delivered strong volume growth in a continued hyper-inflationary
environment. Developed markets increased by 8.7%, with 8.9% from
price and (0.2)% from volume. Volumes held up better in North
America than in Europe.
Turnover increased 7.0% to €14.8 billion, which included a
currency impact of (0.4)% and (2.8)% from disposals net of
acquisitions. This reflected the sale of the Tea business, which
completed on 1 July 2022, and the acquisition of Nutrafol, which
completed on 7 July 2022.
Operating model and capital allocation
Since 1 July 2022, our simpler, more category-focused operating
model for Unilever has been in place, organised around five
Business Groups and a technology-driven backbone, Unilever Business
Operations. We continue to expect around €600 million of cost
savings over the first two years, with the majority delivered in
2023.
After completing two €750 million tranches in 2022 of our
ongoing share buyback programme of up to €3 billion, we
announced a third €750 million tranche on 17 March 2023,
which will complete on or before 23 July 2023. The quarterly
interim dividend for the first quarter is maintained at
€0.4268.
Following the release of this trading statement on 27 April 2023 at
7:00 AM (UK time), there will be a live webcast at 8:00 AM
available on the website www.unilever.com/investor-relations/results-and-presentations/latest-results.
A replay of the webcast and the slides of the presentation will be
made available after the live meeting.
First Quarter Review: Business Groups
|
|
First Quarter 2023
|
(unaudited)
|
Turnover
|
USG
|
UVG
|
UPG
|
Unilever
|
€14.8bn
|
10.5%
|
(0.2)%
|
10.7%
|
Beauty
& Wellbeing
|
€3.1bn
|
9.3%
|
2.6%
|
6.5%
|
Personal
Care
|
€3.4bn
|
12.7%
|
3.0%
|
9.4%
|
Home
Care
|
€3.2bn
|
10.2%
|
(2.8)%
|
13.4%
|
Nutrition
|
€3.4bn
|
11.9%
|
(1.3)%
|
13.4%
|
Ice
Cream
|
€1.7bn
|
6.0%
|
(4.1)%
|
10.5%
|
Beauty & Wellbeing
21% of Q1 turnover
(unaudited)
|
Turnover
|
USG
|
UVG
|
UPG
|
Acquisitions
|
Disposals
|
Currency
|
Turnover change
|
First Quarter
|
€3.1bn
|
9.3%
|
2.6%
|
6.5%
|
3.6%
|
(0.2)%
|
0.2%
|
13.3%
|
Beauty & Wellbeing underlying sales grew 9.3% with 6.5% from
price and 2.6% from volume.
Hair Care grew across all regions, delivering high single-digit
growth and also returned to positive volume growth, helped by the
continued rollout of our Sunsilk relaunch. TRESemmé grew
strongly and the new Clear Anti Hair Fall in China continued to
perform well.
Core Skin Care delivered mid single-digit growth, driven by strong
performances in South Asia and South East Asia which were partially
offset by double-digit decline in North Asia where sales
of AHC were down. Vaseline and Pond's delivered double-digit growth, supported by
innovations with additional consumer benefits, such as the premium
Gluta-Hya serum which revitalises skin overnight and boosts skin
elasticity.
Prestige Beauty and Health & Wellbeing delivered another
quarter of double-digit growth with strong contributions
from Paula's
Choice, Hourglass and Liquid
IV.
Personal Care
23% of Q1 turnover
(unaudited)
|
Turnover
|
USG
|
UVG
|
UPG
|
Acquisitions
|
Disposals
|
Currency
|
Turnover change
|
First Quarter
|
€3.4bn
|
12.7%
|
3.0%
|
9.4%
|
-%
|
-%
|
-%
|
12.6%
|
Personal Care underlying sales grew 12.7% with 9.4% from price and
3.0% from volume. Growth was broad-based with strong growth in
Latin America, South Asia, Europe and North America.
Deodorants grew high double-digit driven by Europe and the
Americas, where volumes were boosted by a recovery in service
levels and associated pipeline fill. Rexona accelerated its strong performance, helped
by our premium and superior 72-hour protection technology. We
launched our Axe Fine Fragrance range, which combines odour
protection with fine fragrances and freshness, contributing to
double-digit growth for the brand.
Skin Cleansing grew high single-digit driven by Latin America and
South Asia. In the United States, we launched our
first Dove 24-hour Renewing Micromoisture body wash
which actively regenerates the skin's moisture for healthy-looking
skin. Lux grew double-digit, still benefiting from the
relaunch of its bars which provide a further improved skin care
experience, delivering glow and flawless
complexion.
Oral Care achieved mid single-digit growth which was led by strong
pricing. Close Up grew double-digit with good performance in
South Asia and Africa.
Home Care
22% of Q1 turnover
(unaudited)
|
Turnover
|
USG
|
UVG
|
UPG
|
Acquisitions
|
Disposals
|
Currency
|
Turnover change
|
First Quarter
|
€3.2bn
|
10.2%
|
(2.8)%
|
13.4%
|
-%
|
-%
|
(1.4)%
|
8.6%
|
Home Care underlying sales grew 10.2% driven by 13.4% price,
partially offset by negative volume of (2.8)%. Volumes were
negative in most markets as pricing remained high.
Fabric Cleaning grew double-digit with capsules and liquids
performing well as we continued to drive premiumisation. We
launched plastic-free packaging for our capsules in France and the
United Kingdom under OMO. Fabric Enhancers grew high single-digit driven
by price. Comfort grew strongly in Latin America and
Turkey.
Home & Hygiene grew mid single-digit, with double-digit price
partially offset by negative volume. Domestos grew double-digit and we launched new Power
Foams which expand once applied to eliminate germs, even in the
hardest-to-reach places. The Air Wellness business declined in the
quarter as the global market continued to slow.
Nutrition
23% of Q1 turnover
(unaudited)
|
Turnover
|
USG
|
UVG
|
UPG
|
Acquisitions
|
Disposals
|
Currency
|
Turnover change
|
First Quarter
|
€3.4bn
|
11.9%
|
(1.3)%
|
13.4%
|
-%
|
(13.6)%
|
(1.2)%
|
(4.4)%
|
Nutrition underlying sales grew 11.9 % with 13.4% from price and
(1.3)% from volume.
Dressings delivered another quarter of strong price-driven growth
and positive volume, led by Hellmann's with communication centered around our "Make
taste not waste" campaign.
Scratch Cooking Aids grew high single-digit. Growth in Europe and
North America was price-led with negative volume. Africa,
where we relaunched fortified Knorr stock cubes to address iodine and zinc
deficiencies, grew double-digit with positive price and volume
while North Asia declined.
Unilever Food Solutions grew
double-digit as China recovered throughout the quarter and other
markets continued to deliver strong growth.
Ice Cream
11% of Q1 turnover
(unaudited)
|
Turnover
|
USG
|
UVG
|
UPG
|
Acquisitions
|
Disposals
|
Currency
|
Turnover change
|
First Quarter
|
€1.7bn
|
6.0%
|
(4.1)%
|
10.5%
|
-%
|
-%
|
1.9%
|
8.0%
|
Ice Cream underlying sales grew 6% with 10.5% from price, partially
offset by negative volume of (4.1)%.
In-home Ice Cream grew low single-digit but volumes declined as
consumption remained impacted across regions by the discretionary
nature of the category in a heavily inflationary environment.
Out-of-home Ice Cream grew double-digit with positive price and
volume in anticipation of a good ice cream season.
Magnum grew
strongly, supported by our new Starchaser and Sunlover limited
edition innovation, while the Heart brand
grew mid single-digit with negative
volume. Cornetto grew
double-digit, helped by the launch of limited edition
variants.
First Quarter Review: Geographical Areas
|
|
First Quarter 2023
|
(unaudited)
|
Turnover
|
USG
|
UVG
|
UPG
|
Unilever
|
€14.8bn
|
10.5%
|
(0.2)%
|
10.7%
|
Asia
Pacific Africa
|
€6.8bn
|
9.9%
|
0.3%
|
9.5%
|
The
Americas
|
€5.2bn
|
11.9%
|
0.6%
|
11.2%
|
Europe
|
€2.8bn
|
9.2%
|
(3.0)%
|
12.6%
|
|
First Quarter 2023
|
(unaudited)
|
Turnover
|
USG
|
UVG
|
UPG
|
Emerging
markets
|
€8.8bn
|
11.7%
|
(0.1)%
|
11.8%
|
Developed
markets
|
€6.0bn
|
8.7%
|
(0.2)%
|
8.9%
|
North
America
|
€3.2bn
|
8.1%
|
0.9%
|
7.2%
|
Latin
America
|
€2.0bn
|
18.7%
|
0.2%
|
18.4%
|
Asia Pacific Africa
46% of Q1 turnover
Underlying sales growth was 9.9% with 9.5% from price and 0.3% from
volume.
South Asia continued to grow double-digit driven by price with
positive volume. China grew low single-digit with a mix of volume
and price as growth improved throughout the quarter when Covid
restrictions eased. Underlying sales in Indonesia were broadly flat
with pre-planned reductions in stock-in-trade levels again
affecting volumes. Philippines grew double-digit while Vietnam grew
mid single-digit. Turkey delivered another year of broad-based,
double-digit growth with positive volume and price in a difficult
and hyperinflationary environment. Africa grew double-digit driven
by price while volumes declined.
The Americas
36% of Q1 turnover
Underlying sales grew 8.1% in North America with 7.2% from price
and 0.9% of volume. Nutrition grew double-digit with strong price
and negative volume, driven by Dressings while Personal Care growth
was led by a very strong performance in Deodorants. Good growth in
Beauty & Wellbeing was supported by Prestige Beauty and Health
& Wellbeing growing double-digit. Ice Cream grew low
single-digit with negative volume.
Underlying sales growth in Latin America grew double-digit at 18.7%
with price growth of 18.4% and positive volume growth of 0.2%.
Growth was broad based across all Business Groups. Brazil grew high
double-digit with positive volume driven by Home Care and Personal
Care. In a difficult environment, we continued to benefit from a
portfolio that spans different price points which helped deliver
volume growth in Mexico and Argentina despite strong double-digit
price growth.
Europe
18% of Q1 turnover
Europe delivered strong underlying sales growth of 9.2% with 12.6%
from price and (3.0)% from volume. Personal Care, Nutrition and
Beauty & Wellbeing delivered double-digit growth, while Home
Care and Ice Cream only grew modestly as volumes declined. Growth
was broad-based across countries and helped by a softer prior year
comparator. The United Kingdom, Germany and Spain achieved
double-digit growth, driven by strong performances of Nutrition and
Personal Care.
Competition Investigations
|
As previously disclosed, Unilever is involved in a number of
ongoing investigations by national competition authorities,
including those of France, Portugal and South Africa. These
proceedings and investigations are at different stages and concern
different product markets. Where appropriate, provisions are made
and contingent liabilities disclosed in relation to such
matters.
Ongoing compliance with competition laws is of key importance to
Unilever. It is Unilever's policy to co-operate fully with
competition authorities whenever questions or issues arise. At the
same time, we are vigorously defending Unilever when we feel that
allegations are unwarranted. The Group continues to reinforce and
enhance its internal competition law compliance programme on an
ongoing basis.
The Board has declared a quarterly interim dividend for Q1 2023 of
£0.3783 per Unilever PLC ordinary share or €0.4268 per
Unilever PLC ordinary share at the applicable exchange rate issued
by WM/Reuters on 25 April 2023.
The following amounts will be paid in respect of this quarterly
interim dividend on the relevant payment date:
Per Unilever PLC ordinary share (traded on the London Stock
Exchange):
|
£0.3783
|
Per Unilever PLC ordinary share (traded on Euronext in
Amsterdam):
|
€0.4268
|
Per Unilever PLC American Depositary Receipt:
|
US$0.4702
|
The euro and US dollar amounts above have been determined using the
applicable exchange rates issued by WM/Reuters on 25 April
2023.
US dollar cheques for the quarterly interim dividend will be mailed
on 15 June 2023 to holders of record at the close of business on 19
May 2023.
The quarterly dividend calendar for the remainder of 2023 will be
as follows:
|
Announcement Date
|
Ex-Dividend Date
|
Record Date
|
Payment Date
|
Q1 2023 Dividend
|
27 April 2023
|
18 May 2023
|
19 May 2023
|
15 June 2023
|
Q2 2023 Dividend
|
25 July 2023
|
03 August 2023
|
04 August 2023
|
31 August 2023
|
Q3 2023 Dividend
|
26 October 2023
|
16 November 2023
|
17 November 2023
|
08 December 2023
|
Segment Information - Business Groups
|
(unaudited)
|
|
|
|
|
|
|
First Quarter
|
Beauty & Wellbeing
|
Personal Care
|
Home Care
|
Nutrition
|
Ice Cream
|
Total
|
Turnover (€ million)
|
|
|
|
|
|
|
2022
|
2,727
|
3,015
|
2,923
|
3,504
|
1,613
|
13,782
|
2023
|
3,089
|
3,397
|
3,173
|
3,349
|
1,742
|
14,750
|
Change (%)
|
13.3
|
12.6
|
8.6
|
(4.4)
|
8.0
|
7.0
|
Impact of:
|
|
|
|
|
|
|
Acquisitions
(%)
|
3.6
|
-
|
-
|
-
|
-
|
0.7
|
Disposals
(%)
|
(0.2)
|
-
|
-
|
(13.6)
|
-
|
(3.5)
|
Currency-related
items (%), of which:
|
0.2
|
-
|
(1.4)
|
(1.2)
|
1.9
|
(0.4)
|
Exchange
rates changes (%)
|
(1.1)
|
(1.7)
|
(4.4)
|
(2.4)
|
(0.1)
|
(2.1)
|
Extreme
price growth in hyperinflationary markets*
|
1.3
|
1.6
|
3.0
|
1.2
|
2.0
|
1.8
|
Underlying sales growth (%)
|
9.3
|
12.7
|
10.2
|
11.9
|
6.0
|
10.5
|
Price* (%)
|
6.5
|
9.4
|
13.4
|
13.4
|
10.5
|
10.7
|
Volume (%)
|
2.6
|
3.0
|
(2.8)
|
(1.3)
|
(4.1)
|
(0.2)
|
* Underlying price growth in excess of 26% per year in
hyperinflationary economies has been excluded when calculating the
price growth in the tables above, and an equal and opposite amount
is shown as extreme price growth in hyperinflationary
markets.
Turnover growth is made up of distinct individual growth components
namely underlying sales, currency impact, acquisitions and
disposals. Turnover growth is arrived at by multiplying these
individual components on a compounded basis as there is a currency
impact on each of the other components. Accordingly, turnover
growth is more than just the sum of the individual
components.
Segment Information - Geographical Areas
|
(unaudited)
|
|
|
|
|
First Quarter
|
Asia Pacific Africa
|
The Americas
|
Europe
|
Total
|
Turnover (€ million)
|
|
|
|
|
2022
|
6,640
|
4,496
|
2,646
|
13,782
|
2023
|
6,793
|
5,245
|
2,712
|
14,750
|
Change (%)
|
2.3
|
16.7
|
2.5
|
7.0
|
Impact of:
|
|
|
|
|
Acquisitions
(%)
|
-
|
2.1
|
-
|
0.7
|
Disposals
(%)
|
(3.9)
|
(2.3)
|
(4.5)
|
(3.5)
|
Currency-related
items (%), of which:
|
(3.1)
|
4.5
|
(1.7)
|
(0.4)
|
Exchange
rates changes (%)
|
(4.9)
|
1.7
|
(1.7)
|
(2.1)
|
Extreme
price growth in hyperinflationary markets*
|
1.9
|
2.7
|
-
|
1.8
|
Underlying sales growth (%)
|
9.9
|
11.9
|
9.2
|
10.5
|
Price* (%)
|
9.5
|
11.2
|
12.6
|
10.7
|
Volume (%)
|
0.3
|
0.6
|
(3.0)
|
(0.2)
|
* Underlying price growth in excess of 26% per year in
hyperinflationary economies has been excluded when calculating the
price growth in the tables above, and an equal and opposite amount
is shown as extreme price growth in hyperinflationary
markets.
In our financial reporting we use certain measures that are not
defined by generally accepted accounting principles (GAAP) such as
IFRS. We believe this information, along with comparable GAAP
measurements, is useful to investors because it provides a basis
for measuring our operating performance, and our ability to retire
debt and invest in new business opportunities. Our management uses
these financial measures, along with the most directly comparable
GAAP financial measures, in evaluating our operating performance
and value creation. Non-GAAP financial measures should not be
considered in isolation from, or as a substitute for, financial
information presented in compliance with GAAP. Wherever appropriate
and practical, we provide reconciliations to relevant GAAP
measures. The non-GAAP measures used in this announcement are
underlying sales growth, underlying volume growth and underlying
price growth (see below).
Underlying sales growth (USG)
Underlying sales growth (USG) refers to the increase in turnover
for the period, excluding any change in turnover resulting from
acquisitions, disposals, changes in currency and price growth in
excess of 26% in hyperinflationary economies. Inflation of 26% per
year compounded over three years is one of the key indicators
within IAS 29 to assess whether an economy is deemed to be
hyperinflationary. We believe this measure provides valuable
additional information on the underlying sales performance of the
business and is a key measure used internally. The impact of
acquisitions and disposals is excluded from USG for a period of 12
calendar months from the applicable closing date. Turnover from
acquired brands that are launched in countries where they were not
previously sold is included in USG as such turnover is more
attributable to our existing sales and distribution network than
the acquisition itself. The reconciliation of changes in the GAAP
measure turnover to USG is provided on page 7.
Underlying price growth (UPG)
Underlying price growth (UPG) is part of USG and means, for the
applicable period, the increase in turnover attributable to changes
in prices during the period. UPG therefore excludes the impact to
USG due to (i) the volume of products sold; and (ii) the
composition of products sold during the period. In determining
changes in price we exclude the impact of price growth in excess of
26% per year in hyperinflationary economies as explained in USG
above. The measures and the related turnover GAAP measure are set
out on page 7.
Underlying volume growth (UVG)
Underlying volume growth (UVG) is part of USG and means, for the
applicable period, the increase in turnover in such period
calculated as the sum of (i) the increase in turnover attributable
to the volume of products sold; and (ii) the increase in turnover
attributable to the composition of products sold during such
period. UVG therefore excludes any impact on USG due to changes in
prices. The measures and the related turnover GAAP measure are set
out on page 7.
This announcement may contain forward-looking statements, including
'forward-looking statements' within the meaning of the United
States Private Securities Litigation Reform Act of 1995. Words such
as 'will', 'aim', 'expects', 'anticipates', 'intends', 'looks',
'believes', 'vision', or the negative of these terms and other
similar expressions of future performance or results, and their
negatives, are intended to identify such forward-looking
statements. These forward-looking statements are based upon current
expectations and assumptions regarding anticipated developments and
other factors affecting the Unilever Group (the 'Group'). They are
not historical facts, nor are they guarantees of future performance
or outcomes.
Because these forward-looking statements involve risks and
uncertainties, there are important factors that could cause actual
results to differ materially from those expressed or implied by
these forward-looking statements. Among other risks and
uncertainties, the material or principal factors which could cause
actual results to differ materially are: Unilever's global brands
not meeting consumer preferences; Unilever's ability to innovate
and remain competitive; Unilever's investment choices in its
portfolio management; the effect of climate change on Unilever's
business; Unilever's ability to find sustainable solutions to its
plastic packaging; significant changes or deterioration in customer
relationships; the recruitment and retention of talented employees;
disruptions in our supply chain and distribution; increases or
volatility in the cost of raw materials and commodities; the
production of safe and high quality products; secure and reliable
IT infrastructure; execution of acquisitions, divestitures and
business transformation projects; economic, social and political
risks and natural disasters; financial risks; failure to meet high
and ethical standards; and managing regulatory, tax and legal
matters. A number of these risks have increased as a result of the
current war in Ukraine. These forward-looking statements speak only
as of the date of this document. Except as required by any
applicable law or regulation, the Group expressly disclaims any
obligation or undertaking to release publicly any updates or
revisions to any forward-looking statements contained herein to
reflect any change in the Group's expectations with regard thereto
or any change in events, conditions or circumstances on which any
such statement is based. Further details of potential risks and
uncertainties affecting the Group are described in the Group's
filings with the London Stock Exchange, Euronext Amsterdam and the
US Securities and Exchange Commission, including in the Annual
Report on Form 20-F 2022 and the Unilever Annual Report and
Accounts 2022.
Media: Media Relations Team
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Investors: Investor
Relations Team
|
UK
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'+44 78 2527 3767
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lucila.zambrano@unilever.com
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investor.relations@unilever.com
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or
|
'+44 77 7999 9683
|
jonathan.sibun@teneo.com
|
|
NL
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'+31 62 375 8385
|
marlous-den.bieman@unilever.com
|
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or
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'+31 61 500 8293
|
fleur-van.bruggen@unilever.com
|
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After the conference call on 27 April 2023 at 8AM (UK time), the
webcast of the presentation will be available at:
www.unilever.com/investor-relations/results-and-presentations/latest-results