Underlying sales growth of 7.3%, with 8.3% price and (1.0)% volume
Turnover increased by 11.8%, including a currency impact of 3.5%
They do expect input cost inflation for H2 to be around €2.7 billion. Which is €0.6 billion higher than previously forecast. The update says the greatest area of uncertainty and volatility is around the costs, and they will update with their half year results.
Everything else is in the guidance.
They expect the new organisational structure they announced in January to generate around €600 million of cost savings over two years and to be achieved within existing restructuring investment plans.
The global tea business sale should compete in the second half of 2022.
Anyway, Unilever has done poorly since the year started so let’s see what the market makes of it.
Dividends have to be sent and processed by a few different companies and systems before they arrive. It’s not uncommon for them to arrive in a day or so but the standard operating time to get them out is 5 working days.
