From Morningstar: 2024-07-25 07:13:00

In the latest half-year report, Unilever saw an increase in both turnover and profit. Net profit rose 3.5% to €4.02 billion, while basic earnings per share increased to €1.48. Turnover for the company rose 2.3% to €31.12 billion, with growth in various segments including personal care, nutrition, beauty, and home care.

Unilever also announced plans to spin off its ice cream segment, which saw a 2.8% increase in turnover to €4.61 billion. The separation is part of the company’s growth action plan, expected to bring about €800 million in cost savings over the next three years. Unilever remains focused on high-quality sales growth and gross margin expansion.

Unilever declared a higher quarterly dividend of 43.96 euro cents per share, marking the first increase since 2020. CEO Hein Schumacher emphasized the company’s commitment to growth through innovation and productivity, with a goal of becoming a consistently higher performing business. Shares in Unilever were trading 5.4% higher in London on Thursday morning.



Read more at Morningstar: Unilever Hikes Dividend as Shares Jump on Earnings