{"id":11799,"date":"2024-03-07T14:43:19","date_gmt":"2024-03-07T13:43:19","guid":{"rendered":"https:\/\/fei-online.com\/?p=11799"},"modified":"2024-03-07T14:43:19","modified_gmt":"2024-03-07T13:43:19","slug":"unilever-reports-full-year-2023-results-with-focus-on-sustainability-and-growth","status":"publish","type":"post","link":"https:\/\/fei-online.com\/unilever-reports-full-year-2023-results-with-focus-on-sustainability-and-growth\/","title":{"rendered":"Unilever reports full year 2023 results with focus on sustainability and growth"},"content":{"rendered":"<div id='av_section_1'  class='avia-section main_color avia-section-default avia-no-border-styling  avia-bg-style-scroll  avia-builder-el-0  avia-builder-el-no-sibling   container_wrap fullsize' style=' '  ><div class='container' ><main  role=\"main\" itemprop=\"mainContentOfPage\"  class='template-page content  av-content-full alpha units'><div class='post-entry post-entry-type-page post-entry-11799'><div class='entry-content-wrapper clearfix'>\n<div class=\"flex_column av_one_fifth  flex_column_div av-zero-column-padding first  avia-builder-el-1  el_before_av_three_fifth  avia-builder-el-first  \" style='border-radius:0px; '><section class=\"av_textblock_section \"  itemscope=\"itemscope\" itemtype=\"https:\/\/schema.org\/BlogPosting\" itemprop=\"blogPost\" ><div class='avia_textblock  '   itemprop=\"text\" ><p style=\"text-align: center\"><div id=\"ads-slider-28\" class=\"custom-slider ads-slider-482072831 ads-slider\"><ul><li><!--Begin ClixTrac.com Banner Code -->\r\n<a href=\"https:\/\/clixtrac.com\/goto\/?308404\" target=\"_blank\" rel=\"noopener\"><img decoding=\"async\" src=\"https:\/\/clixtrac.com\/banner\/308404.jpg\" alt=\"Free from food\" title=\"Free from food\" border=\"0\" \/><\/a>\r\n<!--End ClixTrac.com Banner Code --><\/li><li><!--Begin ClixTrac.com Banner Code -->\r\n<a href=\"https:\/\/clixtrac.com\/banner\/click.php?banner=302805\" target=\"_blank\" rel=\"noopener\">\r\n<img decoding=\"async\" src=\"https:\/\/clixtrac.com\/banner\/302805.jpg\" alt=\"LUBRIPLATE\" title=\"LUBRIPLATE\" border=\"0\" width=\"120\" height=\"600\" \/><\/a>\r\n<!--End ClixTrac.com Banner Code --><\/li><li><div style=\"margin-left: auto; margin-right: auto; text-align: center; \" id=\"ads-741756562\"><!--Begin ClixTrac.com Banner Code -->\r\n<a href=\"https:\/\/clixtrac.com\/banner\/click.php?banner=297426\" target=\"_blank\" rel=\"noopener\">\r\n<img decoding=\"async\" width=\"100%\" height=\"auto\" src=\"https:\/\/clixtrac.com\/banner\/297426.jpg\" alt=\"Click here for more information!\" title=\"Click here for more information!\" border=\"0\" \/><\/a>\r\n<!--End ClixTrac.com Banner Code --><\/div><\/li><\/ul><\/div><script>( window.advanced_ads_ready || jQuery( document ).ready ).call( null, function() {var $adsslider482072831 = jQuery( \".ads-slider-482072831\" );$adsslider482072831.on( \"unslider.ready\", function() { jQuery( \"div.custom-slider ul li\" ).css( \"display\", \"block\" ); });$adsslider482072831.unslider({ delay:5000, autoplay:true, nav:false, arrows:false, infinite:true });$adsslider482072831.on(\"mouseover\", function(){$adsslider482072831.unslider(\"stop\");}).on(\"mouseout\", function() {$adsslider482072831.unslider(\"start\");});});<\/script><\/p>\n<\/div><\/section><\/div><div class=\"flex_column av_three_fifth  flex_column_div av-zero-column-padding   avia-builder-el-3  el_after_av_one_fifth  el_before_av_one_fifth  \" style='border-radius:0px; '><section class=\"av_textblock_section \"  itemscope=\"itemscope\" itemtype=\"https:\/\/schema.org\/BlogPosting\" itemprop=\"blogPost\" ><div class='avia_textblock  '   itemprop=\"text\" ><p style=\"text-align: center\"><\/p>\n<\/div><\/section><br \/>\n<section class=\"av_textblock_section \"  itemscope=\"itemscope\" itemtype=\"https:\/\/schema.org\/BlogPosting\" itemprop=\"blogPost\" ><div class='avia_textblock  '   itemprop=\"text\" ><header class=\"entry-content-header\"><h1 class=\"post-title entry-title\" itemprop=\"headline\">Unilever reports full year 2023 results with focus on sustainability and growth<\/h1><span class=\"post-meta-infos\">\/ <span class=\"blog-categories minor-meta\">in <a href=\"https:\/\/fei-online.com\/category\/e-news\/\" rel=\"tag\">E-News<\/a> <\/span><\/span><\/header>\n<\/div><\/section><br \/>\n<section class=\"av_textblock_section \"  itemscope=\"itemscope\" itemtype=\"https:\/\/schema.org\/BlogPosting\" itemprop=\"blogPost\" ><div class='avia_textblock  '   itemprop=\"text\" ><h3>Unilever, the multinational consumer goods company, has unveiled its financial performance for the fiscal year 2023, showcasing a robust underlying sales growth of 7.0%. Despite encountering challenges like adverse currency impacts and net disposals, Unilever achieved a turnover of \u20ac59.6 billion, marking a notable achievement. Key highlights of the report include a 60 basis points increase in underlying operating margin to 16.7%, with significant improvements in gross margin. CEO Hein Schumacher acknowledged the progress but stressed the need for enhanced competitiveness and execution.<\/h3>\n<p><!--more--><\/p>\n<p>A pivotal aspect of Unilever\u2019s strategy is the Growth Action Plan, aimed at driving higher-quality growth, productivity, and fostering a performance-oriented culture. The plan encompasses initiatives such as focusing on 30 Power Brands, accelerating portfolio optimization efforts, and increasing brand investment. Unilever anticipates modest improvement in underlying sales growth for 2024, maintaining a multiyear range of 3% to 5%, with a balanced approach between volume and price.<\/p>\n<\/div><\/section><br \/>\n<div   class='hr hr-default   avia-builder-el-7  el_after_av_textblock  el_before_av_image '><span class='hr-inner ' ><span class='hr-inner-style'><\/span><\/span><\/div><br \/>\n<div  class='avia-image-container  av-styling-    avia-builder-el-8  el_after_av_hr  el_before_av_textblock  avia-align-center '  itemprop=\"image\" itemscope=\"itemscope\" itemtype=\"https:\/\/schema.org\/ImageObject\"  ><div class='avia-image-container-inner'><div class='avia-image-overlay-wrap'><img class='avia_image' src='https:\/\/fei-online.com\/wp-content\/uploads\/sites\/4\/2024\/03\/Unilever_House_London.png' alt='' title='Unilever_House_London' height=\"2605\" width=\"3933\"  itemprop=\"thumbnailUrl\"  \/><\/div><\/div><\/div><br \/>\n<section class=\"av_textblock_section \"  itemscope=\"itemscope\" itemtype=\"https:\/\/schema.org\/BlogPosting\" itemprop=\"blogPost\" ><div class='avia_textblock  '   itemprop=\"text\" ><p><em>Unilever House, London<\/em><\/p>\n<\/div><\/section><br \/>\n<div   class='hr hr-default   avia-builder-el-10  el_after_av_textblock  el_before_av_textblock '><span class='hr-inner ' ><span class='hr-inner-style'><\/span><\/span><\/div><br \/>\n<section class=\"av_textblock_section \"  itemscope=\"itemscope\" itemtype=\"https:\/\/schema.org\/BlogPosting\" itemprop=\"blogPost\" ><div class='avia_textblock  '   itemprop=\"text\" ><p>Under the Growth Action Plan, Unilever emphasizes several key strategies. These include intensifying focus on 30 Power Brands, driving brand superiority through innovative methodologies, scaling multiyear innovation programmes, and selectively optimizing the portfolio through acquisitions and disposals.<\/p>\n<p>Moreover, Unilever is committed to enhancing productivity and simplicity across its operations. Efforts in this regard include building back gross margin through improved productivity measures, sharpening sustainability commitments, and driving organizational benefits by implementing category-focused business groups.<\/p>\n<p>In terms of performance culture, Unilever has witnessed significant leadership changes aimed at addressing opportunities and challenges with urgency and decisiveness. Notably, Chief People &amp; Transformation Officer Nitin Paranjpe will retire, with Mair\u00e9ad Nayager appointed as the new Chief People Officer.<\/p>\n<p>In its overall performance breakdown, Unilever reports strong growth across various segments. Beauty &amp; Wellbeing, Personal Care, and Home Care segments registered substantial underlying sales growth, driven by a combination of volume and price increases. Noteworthy is the growth in emerging markets, which contributed significantly to the company\u2019s overall performance.<\/p>\n<p>However, challenges persist in developed markets, particularly in Europe, where Unilever faced volume declines attributed to private label competition and consumer shifts to premium segments. Despite these challenges, Unilever remains committed to reshaping its portfolio, emphasizing premium segments through acquisitions and divesting lower-growth businesses.<\/p>\n<p>Looking ahead, Unilever remains focused on its commitment to sustainability and growth, aiming to navigate through market challenges while capitalizing on opportunities for innovation and expansion. With a strong financial foundation and strategic initiatives in place, Unilever is poised to continue its journey towards sustainable growth and value creation.<\/p>\n<\/div><\/section><br \/>\n<div  class='av-social-sharing-box  avia-builder-el-12  el_after_av_textblock  avia-builder-el-last  av-social-sharing-box-minimal '><div class='av-share-box'><h5 class='av-share-link-description av-no-toc '>Share this<\/h5><ul class='av-share-box-list noLightbox'><li class='av-share-link av-social-link-facebook' ><a target=\"_blank\" aria-label=\"Share on Facebook\" href='https:\/\/www.facebook.com\/sharer.php?u=https:\/\/fei-online.com\/unilever-reports-full-year-2023-results-with-focus-on-sustainability-and-growth\/&#038;t=Unilever%20reports%20full%20year%202023%20results%20with%20focus%20on%20sustainability%20and%20growth' aria-hidden='false' data-av_icon='\ue8f3' data-av_iconfont='entypo-fontello' title='' data-avia-related-tooltip='Share on Facebook' rel=\"noopener\"><span class='avia_hidden_link_text'>Share on Facebook<\/span><\/a><\/li><li class='av-share-link av-social-link-twitter' ><a target=\"_blank\" aria-label=\"Share on Twitter\" href='https:\/\/twitter.com\/share?text=Unilever%20reports%20full%20year%202023%20results%20with%20focus%20on%20sustainability%20and%20growth&#038;url=https:\/\/fei-online.com\/?p=11799' aria-hidden='false' data-av_icon='\ue8f1' data-av_iconfont='entypo-fontello' title='' data-avia-related-tooltip='Share on Twitter' rel=\"noopener\"><span class='avia_hidden_link_text'>Share on Twitter<\/span><\/a><\/li><li class='av-share-link av-social-link-whatsapp' ><a target=\"_blank\" aria-label=\"Share on WhatsApp\" href='https:\/\/api.whatsapp.com\/send?text=https:\/\/fei-online.com\/unilever-reports-full-year-2023-results-with-focus-on-sustainability-and-growth\/' aria-hidden='false' data-av_icon='\uf232' data-av_iconfont='entypo-fontello' title='' data-avia-related-tooltip='Share on WhatsApp' rel=\"noopener\"><span class='avia_hidden_link_text'>Share on WhatsApp<\/span><\/a><\/li><li class='av-share-link av-social-link-linkedin' ><a target=\"_blank\" aria-label=\"Share on LinkedIn\" href='https:\/\/linkedin.com\/shareArticle?mini=true&#038;title=Unilever%20reports%20full%20year%202023%20results%20with%20focus%20on%20sustainability%20and%20growth&#038;url=https:\/\/fei-online.com\/unilever-reports-full-year-2023-results-with-focus-on-sustainability-and-growth\/' aria-hidden='false' data-av_icon='\ue8fc' data-av_iconfont='entypo-fontello' title='' data-avia-related-tooltip='Share on LinkedIn' rel=\"noopener\"><span class='avia_hidden_link_text'>Share on LinkedIn<\/span><\/a><\/li><li class='av-share-link av-social-link-mail' ><a  aria-label=\"Share by Mail\" href='mailto:?subject=Unilever%20reports%20full%20year%202023%20results%20with%20focus%20on%20sustainability%20and%20growth&#038;body=https:\/\/fei-online.com\/unilever-reports-full-year-2023-results-with-focus-on-sustainability-and-growth\/' aria-hidden='false' data-av_icon='\ue805' data-av_iconfont='entypo-fontello' title='' data-avia-related-tooltip='Share by Mail'><span class='avia_hidden_link_text'>Share by Mail<\/span><\/a><\/li><\/ul><\/div><\/div><\/p><\/div><div class=\"flex_column av_one_fifth  flex_column_div av-zero-column-padding   avia-builder-el-13  el_after_av_three_fifth  avia-builder-el-last  \" style='border-radius:0px; '><section class=\"av_textblock_section \"  itemscope=\"itemscope\" itemtype=\"https:\/\/schema.org\/BlogPosting\" itemprop=\"blogPost\" ><div class='avia_textblock  '   itemprop=\"text\" ><p style=\"text-align: center\"><div id=\"ads-slider-37\" class=\"custom-slider ads-slider-69175194 ads-slider\"><ul><li><!--Begin ClixTrac.com Banner Code -->\r\n<a href=\"https:\/\/clixtrac.com\/goto\/?308404\" target=\"_blank\" rel=\"noopener\"><img decoding=\"async\" src=\"https:\/\/clixtrac.com\/banner\/308404.jpg\" alt=\"Free from food\" title=\"Free from food\" border=\"0\" \/><\/a>\r\n<!--End ClixTrac.com Banner Code --><\/li><li><!--Begin ClixTrac.com Banner Code -->\r\n<a href=\"https:\/\/clixtrac.com\/banner\/click.php?banner=302805\" target=\"_blank\" rel=\"noopener\">\r\n<img decoding=\"async\" src=\"https:\/\/clixtrac.com\/banner\/302805.jpg\" alt=\"LUBRIPLATE\" title=\"LUBRIPLATE\" border=\"0\" width=\"120\" height=\"600\" \/><\/a>\r\n<!--End ClixTrac.com Banner Code --><\/li><li><div style=\"margin-left: auto; 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Despite encountering challenges like adverse currency impacts and net disposals, Unilever achieved a turnover of \u20ac59.6 billion, marking a notable achievement. Key highlights of the report include a 60 basis points [&hellip;]<\/p>\n","protected":false},"author":3,"featured_media":11800,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[3],"tags":[],"_links":{"self":[{"href":"https:\/\/fei-online.com\/wp-json\/wp\/v2\/posts\/11799"}],"collection":[{"href":"https:\/\/fei-online.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/fei-online.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/fei-online.com\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/fei-online.com\/wp-json\/wp\/v2\/comments?post=11799"}],"version-history":[{"count":1,"href":"https:\/\/fei-online.com\/wp-json\/wp\/v2\/posts\/11799\/revisions"}],"predecessor-version":[{"id":11801,"href":"https:\/\/fei-online.com\/wp-json\/wp\/v2\/posts\/11799\/revisions\/11801"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/fei-online.com\/wp-json\/wp\/v2\/media\/11800"}],"wp:attachment":[{"href":"https:\/\/fei-online.com\/wp-json\/wp\/v2\/media?parent=11799"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/fei-online.com\/wp-json\/wp\/v2\/categories?post=11799"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/fei-online.com\/wp-json\/wp\/v2\/tags?post=11799"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}