Unilever(UK)(US:UL)2025-07-31 07:00H1 2025 Performance - Unilever's H1 2025 underlying sales growth (USG) was 3.4%, driven by 1.5% underlying volume growth (UVG) and 1.9% underlying price growth (UPG)[10] - Power Brands' Q2 2025 USG improved to 4.4%, with 2.1% UVG and 2.3% UPG[12] - The company's turnover decreased by 3.2% year-over-year, from €31.1 billion in H1 2024 to €30.1 billion in H1 2025, impacted by net disposals and adverse currency effects[48] Segment Performance - North America achieved 5.4% USG in H1 2025, representing 23% of Group turnover[13] - Europe saw 3.4% USG in H1 2025, with 3.7% UVG and 1.6% UPG, accounting for 21% of Group turnover[15, 16] - Asia Pacific Africa (APA) experienced 3.5% USG in H1 2025, while Latin America had 0.5% USG[19] - Beauty & Wellbeing segment achieved 3.7% USG in H1 2025, with a €6.5 billion turnover[21, 22] - Dove's H1 2025 USG was 4.8%, driven by 3.3% UPG and 1.4% UVG[26] Strategic Initiatives - The Ice Cream business demerger is on track for mid-November, with Unilever retaining less than 20% stake in TMICC[8, 45] - Post demerger, based on FY 2024 financials, Unilever expects approximately €52 billion turnover, +160 bps GM, +100 bps UOM, +100 bps ROIC, ~100% cash conversion, and ~2x expected leverage[70] Financial Outlook - The company is on track to deliver its full-year 2025 outlook, including an improvement in FY underlying operating margin and USG within the 3-5% range[62, 63] - The company expects second half margins of at least 18.5%[63] - The company completed €1.5 billion share buyback in H1 2025[61]