Unilever price rises drive sales growth

hl.co.uk:

We don’t support this browser anymore. This means our website may not look and work as you would expect. Read more about browsers and how to update them here.

Newsroom

Newsroom articles are published by leading news agencies. Hargreaves Lansdown is not responsible for an article's content and its accuracy. We may not share the views of the author.

HL Podcast

HL Insight

Unilever reported higher than expected underlying sales growth in the first half of the year driven by continued price rises, but sales volumes were flat as the cost of living crisis squeezed consumers.

Article originally published by The Financial Times. Hargreaves Lansdown is not responsible for its content or accuracy and may not share the author's views. News and research are not personal recommendations to deal. All investments can fall in value so you could get back less than you invest.

Published by

25 Jul 2023

The Marmite and Magnum maker reported a 9.1 percent rise in underlying sales in the first six months of the year, beating analysts’ expectations, while volumes fell 0.2 percent.

The company said: “We have passed peak inflation”, adding that it had moderated its price rises. Prices rose 9.4 percent in the first half, compared with 13.3 percent in the fourth quarter of 2022.

Chief executive Hein Schumacher, who took up the role this month, said his task ahead was to use Unilever’s “strong fundamentals” to drive improved performance and competitiveness.

“This opportunity to step up our performance and unlock our full potential makes it an exciting time to lead Unilever,” he said.

This article was written by Madeleine Speed from The Financial Times and was legally licensed through the Industry Dive Content Marketplace. Please direct