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Dec 31, 2024
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Unilever Q3 2024 Earnings Report
Unilever reported steady revenue growth and improved profitability in Q4 2024.
Key Takeaways
Unilever's Q4 2024 revenue was €14.2 billion, with an underlying sales growth of 4.0%. The company's operating profit reached €9.4 billion for the full year, despite a decline of 3.7%. Adjusted earnings per share increased by 14.7% to €2.98. Free cash flow remained strong at €6.9 billion.
Revenue reached €14.2 billion in Q4 2024, showing stable performance.
Operating margin improved to 15.5%, though operating profit declined 3.7%.
Adjusted EPS increased by 14.7%, while diluted EPS fell 10.6% due to restructuring costs.
Strong free cash flow of €6.9 billion with a 106% cash conversion rate.
Unilever
Unilever
Unilever Revenue by Segment
Unilever Revenue by Geographic Location
Revenue by Segment
Beauty & Wellbeing Revenue
CapyFin.comPersonal Care Revenue
CapyFin.comHome Care Revenue
CapyFin.comFoods Revenue
CapyFin.comIce Cream Revenue
CapyFin.comRevenue by Geographic Location
Asia Pacific Africa Revenue
CapyFin.comThe Americas Revenue
CapyFin.comEurope Revenue
CapyFin.com Forward Guidance
Unilever expects underlying sales growth between 3% and 5% for full-year 2025. Operating margin is expected to see modest improvement, with better results in the second half due to pricing adjustments.
Positive Outlook
- Underlying sales growth expected between 3%-5%.
- Operational efficiencies and cost savings expected to support profitability.
- Continued investment in marketing and brand innovation.
- Positive impact of portfolio restructuring and Ice Cream separation.
- Anticipated volume and price balance in H2 2025.
Challenges Ahead
- Market growth remains subdued in early 2025.
- Commodity cost inflation expected to increase pricing pressures.
- China and Indonesia remain challenging markets.
- Higher restructuring costs anticipated in early 2025.
- Macroeconomic uncertainty could impact consumer demand.
Revenue & Expenses
Visualization of income flow from segment revenue to net income