Potent third-quarter efficiency displays resilience and agility

Enika Vania
  • Underlying income growth of 4.4{5565a835e8436fceab45047feb07d9b08a17131f67bfa451fc3dea7831c5a73d}, with 3.9{5565a835e8436fceab45047feb07d9b08a17131f67bfa451fc3dea7831c5a73d} quantity and .5{5565a835e8436fceab45047feb07d9b08a17131f67bfa451fc3dea7831c5a73d} cost
  • Rising marketplaces underlying sales progress 5.3{5565a835e8436fceab45047feb07d9b08a17131f67bfa451fc3dea7831c5a73d} and made markets 3.1{5565a835e8436fceab45047feb07d9b08a17131f67bfa451fc3dea7831c5a73d}
  • Turnover lowered 2.4{5565a835e8436fceab45047feb07d9b08a17131f67bfa451fc3dea7831c5a73d}, with a adverse effects from currency of 7.7{5565a835e8436fceab45047feb07d9b08a17131f67bfa451fc3dea7831c5a73d}
  • Quarterly shareholder dividend preserved at €0.4104 for every share

Commenting on the outcomes, CEO Alan Jope states: “We have shipped a solid effectiveness this quarter. Volume-led growth displays the resilience of our portfolio and our agility in responding to fast modifying dynamics across purchaser segments, geographies and channels.

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“We keep on to progress our strategic alter agenda. Our proposals to simplify Unilever’s twin-headed lawful composition have obtained strong assistance from both of those NV and PLC shareholders, and we have set out our Clear Foreseeable future approach in Residence Treatment, to eradicate fossil gas derived carbon from our cleaning goods by 2030.

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“The surroundings we are working in will continue being unpredictable in the in the vicinity of time period, so we will carry on to retain the velocity and agility of our reaction. Our emphasis stays volume-led competitive progress, providing complete revenue and free of charge hard cash circulation.”

Our marketplaces&#13
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Covid-19 continues to impact consumer behaviours and channel dynamics in our marketplaces. In North America, marketplace progress continued to be pushed by elevated desire for foodstuff eaten at residence. European markets observed a combined photo on advancement and a demanding pricing atmosphere. In China, development improved slightly in contrast to the next quarter. Immediately after a stringent lock-down before in the 12 months, India noticed a choose-up in financial activity, even though instances of Covid-19 continued to maximize. In Indonesia and Latin The usa marketplaces contracted in the 3rd quarter.

Unilever all round performance&#13
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We ongoing to reply with agility to the changing consumer and channel dynamics that have arrive about as a result of the Covid-19 pandemic, focusing on driving execution against the five expansion fundamentals we established out previously this year.

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Underlying sales expansion accelerated as opposed to the second quarter. Elevated degrees of expansion for hand and residence hygiene items continued, as properly as for meals consumed at property. Our food company and out of house ice cream businesses continued to decline, nonetheless at decreased concentrations in contrast to the 2nd quarter. Overall performance also enhanced in our other types, with declines lessening in deodorants and skin care, while laundry and hair returned to development. On line channels continued to develop, and our e-commerce business grew 76{5565a835e8436fceab45047feb07d9b08a17131f67bfa451fc3dea7831c5a73d}.

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Rising marketplaces grew 5.3{5565a835e8436fceab45047feb07d9b08a17131f67bfa451fc3dea7831c5a73d}, as China’s recovery ongoing, and India and Brazil returned to growth. Developed markets grew 3.1{5565a835e8436fceab45047feb07d9b08a17131f67bfa451fc3dea7831c5a73d}, led by ongoing power in North The usa. In Europe, volumes grew inspite of a unfavorable impact from out of household ice cream and meals service, whilst this was extra than offset by enhanced strain on price tag, pushed by a action up in advertising intensity.

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Turnover reduced 2.4{5565a835e8436fceab45047feb07d9b08a17131f67bfa451fc3dea7831c5a73d}. There was a positive impact of 1.3{5565a835e8436fceab45047feb07d9b08a17131f67bfa451fc3dea7831c5a73d} from acquisitions web of disposals and a adverse affect of 7.7{5565a835e8436fceab45047feb07d9b08a17131f67bfa451fc3dea7831c5a73d} from currency.

Natural beauty & Particular Treatment&#13
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Natural beauty & Personalized Treatment fundamental profits grew 3.8{5565a835e8436fceab45047feb07d9b08a17131f67bfa451fc3dea7831c5a73d}, with 3.5{5565a835e8436fceab45047feb07d9b08a17131f67bfa451fc3dea7831c5a73d} from volume and .4{5565a835e8436fceab45047feb07d9b08a17131f67bfa451fc3dea7831c5a73d} from cost.

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Demand for hand hygiene items remained significant, albeit a little under ranges observed in the next quarter, and pores and skin cleaning sent underlying gross sales progress of 19.9{5565a835e8436fceab45047feb07d9b08a17131f67bfa451fc3dea7831c5a73d}. Expansion was supported by innovations together with Dove’s entry into the antibacterial section, and the extension of Lifebuoy into new formats and channels across various European markets.

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Pores and skin care declined higher-single digit and deodorants declined minimal-single digit. Both categories had been negatively impacted by restricted dwelling ailments, whilst improved when compared to the 2nd quarter as numerous nations eased lockdowns. Hair grew over-all, as a decrease in styling was offset by progress in clean and care products and solutions.

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Our Status enterprise grew as the health and magnificence channel reopened, despite the fact that footfall remained subdued.

Home Care&#13
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Home Care fundamental income grew 6.7{5565a835e8436fceab45047feb07d9b08a17131f67bfa451fc3dea7831c5a73d}, with 8.5{5565a835e8436fceab45047feb07d9b08a17131f67bfa451fc3dea7831c5a73d} from quantity and destructive pricing of -1.6{5565a835e8436fceab45047feb07d9b08a17131f67bfa451fc3dea7831c5a73d}.

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Client demand from customers for home cleaners to combat the distribute of Covid-19 continued. Our property and cleanliness brands sent substantial-teenagers underlying gross sales growth, with germ-killing and antibacterial rewards significantly sought just after. We released Domestos in China, as properly as extending the model to bleach-based mostly spray and wipe formats.

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Fabric methods grew very low-one digit, despite the fact that selling price declined as we handed on minimized commodity charges particularly in European and South East Asian marketplaces. In Latin The united states, our 6-occasions concentrated Omo laundry liquid, intended to be diluted at house, was a advancement driver. Fabric sensations grew low-solitary digit, and we launched new Consolation fragrance boosters in China, dual-color beads with luxurious-impressed fragrances.

Foodstuff & Refreshment&#13
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Foodstuff & Refreshment underlying profits grew 3.7{5565a835e8436fceab45047feb07d9b08a17131f67bfa451fc3dea7831c5a73d}, with 1.8{5565a835e8436fceab45047feb07d9b08a17131f67bfa451fc3dea7831c5a73d} from volume and 1.8{5565a835e8436fceab45047feb07d9b08a17131f67bfa451fc3dea7831c5a73d} from rate.

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Our retail food items company grew double digit and tea saw mid-one digit advancement as in-property consuming situations ongoing at elevated levels. Hellmann’s grew mid-teens, with Hellmann’s Vegan now offered in 30 markets.

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Income of ice cream grew, driven by both equally volume and rate. Mid-teens progress of in-dwelling ice product, led by makes which include Ben & Jerry’s and Magnum, extra than offset the drop in out of property ice product profits.

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The foodstuff company channel remained absolutely or partly closed in many markets and foods company sales declined by more than 20{5565a835e8436fceab45047feb07d9b08a17131f67bfa451fc3dea7831c5a73d}, nonetheless trends carry on to improve with China now returning to expansion.

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We have manufactured excellent development in integrating the Horlicks enterprise and we go on the get the job done to put into practice the separation of our tea companies.

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——

Safe and sound Harbour&#13
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Where relevant, these steps are issue to the proper consultations and approvals.

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This announcement might include ahead-looking statements, including ’forward-seeking statements’ inside of the indicating of the United States Private Securities Litigation Reform Act of 1995. Terms this sort of as ’will’, ’aim’, ’expects’, ’anticipates’, ’intends’, ’looks’, ’believes’, ’vision’, or the destructive of these phrases and other comparable expressions of potential efficiency or final results, and their negatives, are meant to discover such forward-searching statements. These forward-wanting statements are dependent upon present expectations and assumptions relating to anticipated developments and other variables affecting the Unilever Group (the ’Group’). They are not historic specifics, nor are they ensures of foreseeable future overall performance.

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For the reason that these forward-on the lookout statements involve dangers and uncertainties, there are important things that could trigger real effects to differ materially from these expressed or implied by these ahead-seeking statements. Among other threats and uncertainties, the material or principal things which could result in actual effects to differ materially are: Unilever’s world wide brand names not meeting purchaser choices Unilever’s means to innovate and stay competitive Unilever’s expenditure options in its portfolio management lack of ability to discover sustainable alternatives to assist extended-phrase growth the effect of local weather improve on Unilever’s company consumer interactions the recruitment and retention of gifted workers disruptions in our offer chain the cost of raw products and commodities the output of secure and high quality solutions secure and trustworthy IT infrastructure thriving execution of acquisitions, divestitures and company transformation tasks economic and political dangers and organic disasters economic risks failure to fulfill higher and moral specifications and taking care of regulatory, tax and lawful matters. These forward-hunting statements discuss only as of the day of this announcement. Except as required by any applicable legislation or regulation, the Group expressly disclaims any obligation or enterprise to launch publicly any updates or revisions to any ahead-searching statements contained herein to mirror any alter in the Group’s expectations with regard thereto or any improve in events, disorders or situations on which any this sort of statement is based. More facts of opportunity hazards and uncertainties affecting the Team are described in the Group’s filings with the London Stock Trade, Euronext Amsterdam and the US Securities and Trade Fee, like in the Yearly Report on Sort 20-F 2019 and the Unilever Annual Report and Accounts 2019.

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