(Tiper Stock Exchange) – Unileverthe British consumer goods giant, reported a 7.9% increase in underlying sales of the second quarter of 2023, exceeding the average forecast of analysts of 6.4% (according to a consensus provided by the company). Underlying sales growth was 9.1% overall first semesterwith price growth of 9.4% and -0.2% in volume.
The company claimed to to expect underlying sales growth for the whole year above 5%, ahead of its multi-year range, with underlying price growth continuing to moderate over the course of the year.
The sales was 30.43 billion euros in the first half, of which 15.74 billion euros in the second quarter. L’Net income was 3.9 billion euros in the first six months, up 20.7% compared to the same period in 2022.
“My first dive into business ha confirmed my faith in solid foundations of Unilever – commented the new CEO Hein Schumacher – The task ahead of us is to leverage these core strengths, supported by our streamlined operating model, to improve performance and competitiveness. This is our top priority and will mean bringing greater focus and sharper execution, with science-backed innovations and investment behind our brands.”
“This opportunity to enhance our performance and unlock our full potential makes it an exciting time to lead Unilever,” he added. “I look forward to sharing more details when we report third quarter results in October”.