Unilever(UK)(US:UL) Sou Hu Cai Jing·2025-10-24 10:15Core Insights - Unilever reported a decline in revenue for both Q3 and the first three quarters of 2025, with Q3 revenue at €14.7 billion (approximately ¥121.4 billion), down 3.5% year-on-year, and year-to-date revenue at €44.8 billion (approximately ¥370.0 billion), down 3.3% year-on-year [1][2] - Despite the overall decline, CEO Fernando Fernandez highlighted a return to growth in the Indonesian and Chinese markets, and significant improvement in overall performance when excluding the ice cream business [1][6] Financial Performance - The last significant growth for Unilever was in 2022, with a 16% increase in revenue, reaching €37.7 billion (approximately ¥376.8 billion) [1][2] - All five business segments (Beauty & Wellbeing, Personal Care, Home Care, Foods, and Ice Cream) experienced declines in Q3 and year-to-date performance [2][3] Business Segment Analysis - Beauty & Wellbeing: Q3 revenue was €3.2 billion (approximately ¥264.5 billion), down 3.1% year-on-year; year-to-date revenue was €9.7 billion (approximately ¥801.8 billion), down 1.6% year-on-year [3][4] - Personal Care: Q3 revenue was €3.3 billion (approximately ¥272.6 billion), down 2.3% year-on-year; year-to-date revenue was €9.8 billion (approximately ¥809.6 billion), down 4.8% year-on-year [8][4] - Home Care: Q3 revenue was €2.8 billion (approximately ¥229.0 billion), down 5.3% year-on-year; year-to-date revenue was €8.7 billion (approximately ¥724.0 billion), down 6.4% year-on-year [4] - Foods: Q3 revenue was €3.1 billion (approximately ¥256.0 billion), down 2.9% year-on-year; year-to-date revenue was €9.7 billion (approximately ¥801.8 billion), down 2.2% year-on-year [4] - Ice Cream: Q3 revenue was €2.3 billion (approximately ¥189.0 billion), down 4.2% year-on-year; year-to-date revenue was €6.9 billion (approximately ¥573.0 billion), down 1.1% year-on-year [4] Regional Performance - The Asia Pacific and Africa region showed strong growth, particularly in China and Indonesia, with Q3 USG at 6.8% and revenue of €6.2 billion (approximately ¥512.2 billion), accounting for 42% of the group's overall performance [9][10] - The Americas region faced challenges, with Q3 revenue of €5.2 billion (approximately ¥429.7 billion) and a decline in Latin America, particularly in Brazil and Mexico [13] - Europe achieved Q3 revenue of €3.3 billion (approximately ¥272.6 billion), with growth across all business groups despite high year-on-year comparisons [13] Strategic Focus - Unilever is focusing on core businesses, particularly in beauty and health, with plans to spin off the ice cream business to enhance profitability [14][15] - The company aims to expand its portfolio in high-end segments and digital commerce, with the U.S. and India identified as key growth markets [15]