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Q3 2023 Overview

Solid Q3 results and action plan to drive growth and unlock potential.

An opened packet of Knorr with powder bursting out.
  • 5.2%underlying sales growthIllustration of a green arrow pointing upwardcompared to Q3 2022
  • 5.8%price growthwith volume down -0.6%
  • -3.8%turnoverRed arrow pointing downwardscompared to Q3 2022
  • 7.2%underlying sales growthdelivered by our €1bn brands

Q3 highlights

  • Underlying price growth continues to moderate as inflation eases, with underlying volumes now positive in Beauty & Wellbeing, Personal Care and Home Care
  • Turnover decreased -3.8% to €15.2 billion with -8.0% from currency and -0.6% from disposals net of acquisitions
  • Our € billion brands, accounting for 56% of Group turnover, delivered underlying sales growth of 7.2%, with 5.7% price growth and 1.4% volume growth
Paula's Choice Vitamin C Serum
  • Our 2023 outlook remains unchanged with underlying sales growth above 5% and a modest improvement in underlying operating margin
  • Today we set out an action plan focused on: faster growth, greater productivity and simplicity, powered by a stronger performance culture. These targeted actions will address the gap between our past performance and potential, delivering improved value creation
Two Cornetto Soft ice creams
A jar of Hellmann's mayonnaise with other food ingredients in the background.

Our Business Groups

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

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Dove

Our mission is to make a positive experience of beauty accessible to all women

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Sunsilk

Opening up possibilities for girls everywhere

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Vaseline

Everyone, everywhere deserves healthy, beautiful skin

Explore more Beauty & Wellbeing 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. 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

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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

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Lifebuoy

Help parents ensure their kids fall ill less often

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LUX

Inspiring women to rise above everyday sexist judgements and express their beauty and femininity unapologetically

Explore more Personal Care 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. 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

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Cif

Goodbye ugly dirt. Hello beautiful

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Domestos

To win the war against unsafe sanitation and poor hygiene

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OMO

Dirt Is Good!

Explore more Home Care 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. 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

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Knorr

Reinventing Food for Humanity

Explore more Nutrition 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. 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

Underlying sales growth (USG)

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Underlying volume growth (UVG)

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Underlying price growth (UPG)

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Hein Schumacher

"Today we are setting out our action plan. We will drive faster growth by stepping up innovation and investment behind our Power Brands; we will drive simplicity and productivity, leveraging the full strength of our operating model; and we will sharpen our performance culture through strong leadership and stretching goals."

Hein Schumacher, Chief Executive Officer
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