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
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Our €1 billion+ 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
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.
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
“Unilever has had a good start to the year, delivering another quarter of strong topline growth. 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.”
accelerated in the quarter compared to 2022
