a3838j

6-K 1 a3838j.htm Q3 2024 TRADING STATEMENT a3838j

表格6-K

證券及交易委員會

華盛頓特區20549

外國發行人報告

根據證券交易法規則13a-16或15d-16

1934年證券交易法第13a-16或15d-16條款

日期爲2024年10月24日

委員會文件編號：001-04546

聯合利華(英國) PLC

(將註冊人的姓名翻譯成英文)

英國倫敦黑色星期五聯合利華大廈

(總部地址)

用勾號表示，註冊者是否提交或將提交年度報告

根據20-F表格或40-F表格申報。

表格 20-F..X.. 表格 40-F

在紙張上標註上勾號表示註冊人正在提交6-k表格

根據S-t規則101(b)(1)的規定：_____

在紙張上標註上勾號表示註冊人正在提交6-k表格

根據S-t規則101(b)(7)的規定：_____

勾選示意是否通過提供信息的方式進行登記

在這個表格中包含的信息也因此向

根據1934年證券交易所法案第12g3-2(b)條規定，委員會

是不可以 .X..

如果選中「是」，請在下面標明分配給註冊人的文件號碼。

根據規則12g3-2(b)：82- _______ 的相關事項

本文件附件99已在此引用。

簽名

根據1934年證券交易法的要求，申報人已經授權其代表在其名義下籤署本報告。

聯合利華(英國) PLC

/S/ 中單 VARSELLONA

BY 中單 VARSELLONA

首席法務官兼集團秘書

日期: 2024年10月24日

展覽指數

------------------------

展覽編號	展品描述
99	2024年10月24日致倫敦證券交易所的通知
	2024年第三季度交易聲明

展品99

聯合利華貿易聲明-2024年第三季度

成交量驅動增長，在所有業務群體中保持積極態勢

	2024年第三季度			2024年前九個月
(未經審計)	美國石膏公司	營業額	比2023年	USG	營業額	比2023年
聯合利華(英國)	4.5%	152億歐元	-%	4.3%	464億歐元	1.3%
美容與健康	6.7%	32億歐元	5.5%	7.0%	98億歐元	5.1%
個人護理	4.4%	3.4億歐元	(5.7)%	5.2%	10.4億歐元	(1.6)%
家居護理	1.9%	3.0億歐元	(2.9)%	2.8%	9.3億歐元	-%
營養	1.5%	3.2億歐元	(1.5)%	2.6%	9.9億歐元	0.3%
冰淇淋奶油	9.8%	€2.4億	8.1%	3.6%	70億歐元	3.9%

第三季度亮點

● 持續銷售增長（USG）率爲4.5％，成交量增長率提高至3.6％

● 強勢品牌 (75%以上的營業額)以領先增長5.4%的USG和銷量增長4.3%

● 營業額爲152億歐元受貨幣(2.8)%和淨處置(1.5)%的影響

● 2024全年展望不變以3-5%美國增長率，以及至少18%的基本營業利潤率

● 最終階段正在進行中 2024年高達15億歐元的股票回購計劃

● 生產力項目和冰淇淋分離計劃進展順利

首席執行官聲明

我們已經連續第四個季度實現了正增長的成交量，我們的每一個業務組都推動了年度成交量的增長

基礎銷售增長4.5%，由我們的核心品牌主導，其中Dove，Liquid I.V.，Comfort和Magnum表現尤爲出色。價格增長繼續溫和，符合我們的預期。

我們仍處於轉變績效的早期階段，我們正在以加快的速度執行增長行動計劃 - 專注於做更少的事情，做得更好，併產生更大的影響。我們開始看到在市場上推廣更少、更大的創新，並得到增加品牌投資的積極影響。我們正在採取果斷行動，針對運營或市場挑戰，確保我們爲持續和改善的績效做好了充分準備。作爲集團整體轉型的一部分，我們正在實施全面的生產力方案和冰淇淋業務的分拆，這兩者都在按計劃進行。

我們正在按計劃實現2024年的展望，並相信我們正在採取的步驟將有助於將聯合利華(英國)逐步轉變爲一個表現持續更佳的業務。

Hein Schumacher

展望

我們2024年全年展望不變。

我們繼續預計2024年的基礎銷售增長（USG）將在我們多年的區間內，即3%至5%之間，其中大部分增長將由成交量推動。

預計全年基礎營業利潤率至少爲18%，在我們的品牌背後進行增加投資。我們預計下半年的利潤率逐年增長將小於上半年。

第三季度審查：聯合利華(英國)集團

增長

(未經審計)	營業額	USG	UVG	UPG	收購	處置	貨幣	營業額變動
第三季度	152億歐元	4.5%	3.6%	0.9%	0.3%	(1.8)%	(2.8)%	-%
九個月	464億歐元	4.3%	2.9%	1.3%	0.4%	(1.4)%	(1.9)%	1.3%

在市場增長放緩的背景下，第三季度基礎銷售增長率爲4.5%。基礎成交量增長率（UVG）在Q3達到了3.6%，這是連續第四個實現正增長和改善的季度。所有業務板塊均實現了正成交量增長。正如預期的那樣，基礎價格增長在Q3繼續保持在0.9%的水平。

Power Brands表現強勁，基礎銷售增長率達5.4%，其中成交量增長率爲4.3%。我們的其他品牌也在第三季度實現了1.3%的成交量增長，較上半年的(1.6)%有所提升。

美容與健康業務的潛在銷售額增長了6.7%，成交量增長了5.7%。健康與健康以及高級美容融合的業務連續第十五個季度實現了雙位數、成交量引領的增長。在美容市場在美國和中國持續放緩的背景下，健康與健康業務強勁增長的表現超過了高級美容的較弱增長。個人護理業務增長了4.4%，其中3.1%來自成交量增長，表現強勁。多芬家庭護理的潛在銷售額增長了1.9%，3.3%的成交量增長超過了與商品成本通貨緊縮相關聯的持續負面價格增長。營養品的潛在銷售額增長了1.5%，在價格和市場放緩的背景下，已降低的0.4%的成交量增長。冰淇淋銷售額增長了9.8%，成交量增長了6.7%，價格增長了2.9%。這一良好的表現反映了持續專注於運營改進以及強勁創新，加劇了弱對照組帶來的影響。

發達市場（集團營業額的43%）的潛在銷售增長了6.9%，其中6.8%來自成交量，0.1%來自價格。成交量增長基礎廣泛，並反映了北美美容與健康領域的強勁增長，歐洲家居保潔業務的強勁增長以及冰淇淋銷量的顯著提升。如預期的那樣，價格增長進一步減緩。

新興市場（集團營業額的57%）的潛在銷售增長2.9%，其中1.4%來自成交量，1.5%來自價格。印度的銷售增長了2.3%，成交量增長了3.4%。印度的基礎價格增長率爲（1.0）%，去年同期的一次性間接稅收優惠的漲勢已過，沒有這一項，第三季度的增長率將是持平的。拉丁美洲增長了3.8%。這種較慢的增長率反映出巴西的洗衣粉市場下滑以及墨西哥在在連續八個季度雙位數增長之後低個位數的增長。非洲和土耳其持續實現雙位數增長。

中國在各類別市場疲軟的情況下，單個數字下降，因此我們正在轉變我們的市場策略。東南亞下降了個位數，這主要是由印度尼西亞的下滑（18%）部分抵消，而菲律賓和泰國的成交量拉動了增長。

我們正在印度尼西亞做果斷干預，解決我們長期存在的問題，包括在各個渠道消除價格不穩定，將零售庫存水平重置爲我們認爲的最佳水平。我們預計從2025年下半年開始，在印度尼西亞和中國看到這些變化帶來的好處。

152億歐元的營業額與去年持平，由於基礎銷售增長被(2.8)%的貨幣影響和(1.5)%的處置淨額和收購所抵消。

冰淇淋分離和生產效率項目進展

在三月，我們宣佈了將冰淇淋業務分拆並啓動了一項重要的生產力計劃，以加強公司並顯著提高我們的效率和效果。

分拆活動計劃在2025年底前完成。我們正在推進法律實體的設立，獨立運營模式以及財務拆分。

7月份，我們在內部就計劃中的生產力項目變化進行了溝通，以簡化我們的業務並進一步發展我們基於類別的運營模式。我們已經開始在那些與各自工會協商完成的國家/地區進行實施。

資本配置

2024年8月2日，我們已完成了對秦遠集團（也稱爲「Truliva」）的股權出售，該集團向中國家庭提供一系列的水淨化解決方案，交易對象是永朝創投有限公司。

2024年10月10日，我們將俄羅斯子公司銷售給阿涅斯特集團。此次交易包括聯合利華(英國)在俄羅斯的所有業務以及其四家工廠，以及我們在白俄羅斯的業務。

2024年2月，我們宣佈了一個股票回購計劃，將在2024年內進行15億歐元的回購。第一批7千萬歐元於8月完成。第二批最多8千萬歐元於9月啓動，並將於2024年12月完成。

After the quarterly interim dividend for the second quarter was raised by 3.0% to €0.4396, the quarterly interim dividend for the third quarter is maintained at this level.

Conference Call

Following the release of this trading statement on 24 October 2024 at 7:00 AM (UK time), there will be a live webcast at 8:00 AM available on the website www.unilever.com/investor-relations/results-and-presentations/latest-results.

A replay of the webcast and the slides of the presentation will be made available after the live meeting.

Upcoming Events

Date	Events
22 November 2024	Unilever Investor Event 2024
13 February 2025	Q4 and FY 2024 results

Third Quarter Review: Business Groups

	Third Quarter 2024				Nine Months 2024
(unaudited)	Turnover	USG	UVG	UPG	Turnover	USG	UVG	UPG
Unilever	€15.2bn	4.5%	3.6%	0.9%	€46.4bn	4.3%	2.9%	1.3%
Beauty & Wellbeing	€3.2bn	6.7%	5.7%	0.9%	€9.8bn	7.0%	5.6%	1.3%
Personal Care	€3.4bn	4.4%	3.1%	1.3%	€10.4bn	5.2%	3.0%	2.2%
Home Care	€3.0bn	1.9%	3.3%	(1.4)%	€9.3bn	2.8%	4.2%	(1.3)%
Nutrition	€3.2bn	1.5%	0.4%	1.1%	€9.9bn	2.6%	0.1%	2.5%
Ice Cream	€2.4bn	9.8%	6.7%	2.9%	€7.0bn	3.6%	1.5%	2.1%

Beauty & Wellbeing (21% of Q3 turnover)

In Beauty & Wellbeing, we focus on three key priorities that will drive the unmissable superiority of our brands: elevating our core Hair Care and Skin Care brands to increase premiumisation; fuelling the growth of Prestige Beauty and Health & Wellbeing with selective international expansion; and continuing to strengthen our beauty and wellbeing capabilities.

(unaudited)	Turnover	USG	UVG	UPG	Acquisitions	Disposals	Currency	Turnover change
Third Quarter	€3.2bn	6.7%	5.7%	0.9%	1.0%	-%	(2.1)%	5.5%
Nine Months	€9.8bn	7.0%	5.6%	1.3%	0.9%	(1.1)%	(1.6)%	5.1%

Beauty & Wellbeing delivered a strong performance, with underlying sales up 6.7%, driven by volume up 5.7% and price up 0.9%.

Hair Care delivered low-single digit growth with low-single digit volume growth. Dove continued to deliver volume-led growth following the first half launch of Scalp + Hair Therapy, while TRESemmé grew mid-single digit with continued success of its treatments and styling range. Our largest hair care brand, Sunsilk, grew low-single digit and Clear achieved high-single digit growth outside China, but was flat overall.

Core Skin Care grew mid-single digit led by double-digit volume growth in the United States. Dove achieved strong double-digit growth, which included the launch of High Potency Body Serums and 3-in-1 face care treatments in Brazil. Pond's grew double-digit supported by our Bright Miracle and Age Miracle face care ranges, featuring advanced technologies for clearer, more youthful skin. Vaseline continued to perform well, supported by the continued rollout of premium innovations like Radiant X and Gluta Hya, as well as the launch of Pro VitaB3 Serum-Burst Lotion in the United States.

Health & Wellbeing and Prestige Beauty combined delivered double-digit growth for the fifteenth consecutive quarter. This was led by very strong growth in Health & Wellbeing, which offset lower growth in Prestige Beauty reflecting the continued slowdown in the United States and China beauty markets. Liquid I.V. delivered another quarter of strong double-digit growth, driven by a successful summer season and continued international expansion. Nutrafol and Olly also saw strong double-digit growth, with Olly's female health supplements performing well in China. Hourglass led Prestige growth with strong double-digit growth, driven by hero products such as Vanish Airbrush Concealer and Veil Hydrating Skin Tint, while Paula's Choice was impacted by the market slowdown.

Personal Care (22% of Q3 turnover)

In Personal Care, we focus on winning with science-led brands that deliver unmissable superiority to our consumers across Deodorants, Skin Cleansing, and Oral Care. Our priorities include developing superior technology and multi-year innovation platforms, leveraging partnerships with our customers, and expanding into premium areas and digital channels.

(unaudited)	Turnover	USG	UVG	UPG	Acquisitions	Disposals	Currency	Turnover change
Third Quarter	€3.4bn	4.4%	3.1%	1.3%	-%	(6.3)%	(3.6)%	(5.7)%
Nine Months	€10.4bn	5.2%	3.0%	2.2%	-%	(4.4)%	(2.1)%	(1.6)%

Personal Care delivered volume-led growth with underlying sales up 4.4%, driven by volume up 3.1% and price up 1.3%.

Deodorants grew high-single digit, which was volume-led. Latin America led growth with double-digit volume, while Europe and North America saw mid-single digit increases. Dove continued to grow double-digit with strength across both core women and Dove Men+Care ranges, including our expansion into the whole body deodorants market in the first half. Axe and Rexona continued to grow, driven by the ongoing success of our fine fragrance and clinical ranges.

Skin Cleansing grew low-single digit fully driven by volume. In Europe, we achieved high-single digit growth driven by volume increases, while in the United States, we saw mid-single digit growth. Dove delivered high-single digit growth, supported by the first-half relaunch of Dove's body wash in Europe and the launch of Dove's premium body wash range infused with skincare serums in the United States. Growth was tempered by deflation in India, category declines in China, and operational challenges in Indonesia.

Oral Care grew low-single digit with mid-single digit growth in Europe partially offset by a decline in Indonesia.

Home Care (20% of Q3 turnover)

In Home Care, we focus on delivering for consumers who want superior products that are sustainable and great value. We drive growth through unmissable superiority in our biggest brands, in our key markets and across channels. We have a resilient business that spans price points and grows the market by premiumising and trading consumers up to additional benefits.

(unaudited)	Turnover	USG	UVG	UPG	Acquisitions	Disposals	Currency	Turnover change
Third Quarter	€3.0bn	1.9%	3.3%	(1.4)%	-%	(1.2)%	(3.6)%	(2.9)%
Nine Months	€9.3bn	2.8%	4.2%	(1.3)%	-%	(0.4)%	(2.3)%	-%

Home Care underlying sales grew 1.9%, with volume growth of 3.3%, partially offset by a (1.4)% price decline.

Fabric Cleaning declined low-single digit as slightly positive volume was more than offset by low-single digit negative price. Europe led with high-single digit growth, driven by double-digit volume. Persil Wonder Wash, featuring our patented Pro-S technology designed for short cycle washes, continued to perform well and was launched in Turkey in Q3. In India, we grew high-single digit driven by strong volumes and double-digit growth in liquids led by our Surf Excel Matic and Rin ranges. Brazil saw declines in both price and volume due to a softening market and commodity deflation, particularly affecting our powders portfolio.

Home & Hygiene grew mid-single digit led by volume. Domestos grew double-digit led by momentum in our Power Foam range which expanded to new geographies including Poland and Turkey. Cif also maintained double-digit, volume-led growth.

Fabric Enhancers grew double-digit with strong volumes slightly offset by negative price. Comfort continued to deliver double-digit volume growth following the successful first-half launch of our new, Botanicals and Elixir ranges, with our patented CrystalFresh technology.

Nutrition (21% of Q3 turnover)

In Nutrition, our strategy is to deliver consistent, competitive growth by offering unmissably superior products through our biggest brands. We do this by reaching more consumers and focusing on top dishes and high consumption seasons to satisfy consumer's preferences on taste, health and sustainability; while delivering productivity and resilience in our supply chain.

(unaudited)	Turnover	USG	UVG	UPG	Acquisitions	Disposals	Currency	Turnover change
Third Quarter	€3.2bn	1.5%	0.4%	1.1%	-%	(0.5)%	(2.5)%	(1.5)%
Nine Months	€9.9bn	2.6%	0.1%	2.5%	-%	(0.4)%	(1.9)%	0.3%

Nutrition underlying sales grew 1.5%, driven by positive price and volume.

Scratch Cooking Aids grew low-single digit, led by mid-single digit growth in Knorr. In Latin America, we achieved double-digit growth, driven by strong performance from our next generation bouillon & seasoning ranges with enhanced flavours and micronutrients. In the United States, we saw mid-single digit growth, entirely volume-driven, benefiting from social-first campaigns promoting home cooking with bouillon.

Dressings was flat with low-single digit volume offset by negative price. Hellmann's delivered low-single digit volume growth which was offset by negative price as promotional intensity increased. Flavoured mayo continued to perform well with rapid geographic expansion, including recent launches in Argentina and the Philippines.

Unilever Food Solutions grew low-single digit with positive volumes despite a slowdown in China. We continued to expand our digital selling programme and benefited from the launch of Hellmann's Professional Mayo in Europe and Brazil, specifically designed for professional kitchens.

Ice Cream (16% of Q3 turnover)

In Ice Cream, our immediate strategic priority is to expand operating profit and global market share. We will do this by building the unmissable superiority of our brands, accelerating market development in emerging markets, continuing to lead the industry on innovation and premiumisation, and by stepping up our performance and productivity. In March, we announced the planned separation of Ice Cream which we expect to be completed by the end of 2025. The separation will create a world-leading business, operating in a highly attractive category with five of the top 10 selling global ice cream brands.

(unaudited)	Turnover	USG	UVG	UPG	Acquisitions	Disposals	Currency	Turnover change
Third Quarter	€2.4bn	9.8%	6.7%	2.9%	0.7%	-%	(2.3)%	8.1%
Nine Months	€7.0bn	3.6%	1.5%	2.1%	1.5%	-%	(1.2)%	3.9%

Ice Cream underlying sales grew 9.8%, with 6.7% from volume and 2.9% from price. This improved performance was driven by operational strengthening, including distribution gains and optimised promotional activities, alongside strong innovations. These improvements were amplified by a weak Q3 2023 comparator.

In-home grew double-digit led by double-digit volume growth in Europe. Magnum's first bite-sized innovation, Bon Bons, along with Ben & Jerry's Peaces and Yasso's Poppables, performed well. These premium micro-format innovations cater to the demand for smaller, frequent indulgences, driving growth in the Ice Cream category year-round.

Out-of-home grew high-single digit with positive volume and price growth. Magnum achieved double-digit growth, with continued strong performance of its premium 'Pleasure Express' range, featuring Euphoria, Wonder, and Chill. Ben & Jerry's and Cornetto saw high-single digit growth, supported by Cornetto's first global relaunch with enhanced formulation and new packaging.

Third Quarter Review: Geographical Areas

	Third Quarter 2024				Nine Months 2024
(unaudited)	Turnover	USG	UVG	UPG	Turnover	USG	UVG	UPG
Unilever	€15.2bn	4.5%	3.6%	0.9%	€46.4bn	4.3%	2.9%	1.3%
Asia Pacific Africa	€6.5bn	2.5%	1.0%	1.5%	€19.9bn	3.2%	2.0%	1.2%
The Americas	€5.5bn	5.9%	4.6%	1.3%	€16.9bn	5.6%	4.1%	1.4%
Europe	€3.2bn	6.5%	7.7%	(1.0)%	€9.6bn	4.5%	2.9%	1.5%

	Third Quarter 2024				Nine Months 2024
(unaudited)	Turnover	USG	UVG	UPG	Turnover	USG	UVG	UPG
Emerging markets	€8.7bn	2.9%	1.4%	1.5%	€27.0bn	4.4%	3.0%	1.3%
Developed markets	€6.5bn	6.9%	6.8%	0.1%	€19.4bn	4.1%	2.8%	1.3%
North America	€3.3bn	7.4%	6.2%	1.1%	€10.0bn	4.7%	3.4%	1.3%
Latin America	€2.2bn	3.8%	2.0%	1.7%	€6.9bn	7.0%	5.3%	1.6%

Asia Pacific Africa (43% of Q3 turnover)

Underlying sales growth was 2.5% with 1.0% from volume and 1.5% from price.

India grew 2.3% driven by volume at 3.4%. Price at (1.0)% lapped an indirect tax one-off in the 2023 base; excluding this, Q3 UPG would have been flat. Growth was led by strong volume in both Beauty & Wellbeing and Home Care. Africa and Turkey continued to grow double-digit with positive price and volume.

China declined low-single digit amidst continued weak consumer sentiment. In addition, we are resetting our go-to-market approach with higher category focus, updated channel strategies and sharper geographic choices. We appointed new leadership in China, and we will continue to build on our strong positions in core categories.

Underlying sales declined (18)% in Indonesia, primarily due to our long-standing operational issues.

We are taking significant actions in Indonesia, which include removing price instability across channels and resetting stock levels in retail to what we consider optimum levels.

We expect to see the benefits of the changes in Indonesia and China from the second half of 2025.

The Americas (36% of Q3 turnover)

Underlying sales grew 7.4% in North America with 6.2% from volume and 1.1% from price. Beauty & Wellbeing delivered double-digit, volume-led growth, driven by a strong performance in Health & Wellbeing and continued good momentum in Vaseline. Personal Care saw a balanced mid-single digit growth, supported by Dove. Nutrition grew low-single digit with positive volume and price, but reflecting a slowdown in category growth. Ice Cream contributed high-single digit volume growth and positive price supported by strong Popsicle SpongeBob and Minions innovations.

Underlying sales in Latin America decelerated to 3.8% with 2.0% volume and 1.7% price. Beauty & Wellbeing and Personal Care grew high-single digit with positive price and volume, led by double-digit volume growth in Deodorants and Skin Care. Home Care declined low-single digit, adversely affected by a slowdown in Brazil powders' market. Nutrition grew mid-single digit with a strong performance from Knorr. Ice Cream declined low-single digit driven by adverse weather conditions in the region. Brazil grew low-single digit with strong growth from Beauty & Wellbeing and Personal Care. Mexico experienced low-single digit growth as pricing and volumes began to normalise after double-digit growth over the previous eight quarters. Despite ongoing economic adjustments in Argentina and continued hyperinflationary pricing, we delivered positive volume growth.

Europe (21% of Q3 turnover)

Underlying sales grew 6.5% with volume growth of 7.7% partially offset by negative price of (1.0)%. Our stepped-up performance in Europe was underpinned by a strong innovation programme and increased levels of brand investment. Ice Cream and Home Care delivered double-digit, volume-led growth, while Personal Care grew mid-single digit, led by another quarter of strong volume growth in Deodorants. Nutrition was slightly positive. Growth was broad-based in Europe, with all major markets delivering positive volume growth in the quarter.

Dividends

The Board has declared a quarterly interim dividend for Q3 2024 of £0.3663 per Unilever PLC ordinary share or €0.4396 per Unilever PLC ordinary share at the applicable exchange rate issued by WM/Reuters on 22 October 2024.

The following amounts will be paid in respect of this quarterly interim dividend on the relevant payment date:

Per Unilever PLC ordinary share (traded on the London Stock Exchange):	£0.3663
Per Unilever PLC ordinary share (traded on Euronext in Amsterdam):	€0.4396
Per Unilever PLC American Depositary Receipt:	US$0.4755

The euro and US dollar amounts above have been determined using the applicable exchange rates issued by WM/Reuters on 22 October 2024.

US dollar cheques for the quarterly interim dividend will be mailed on 06 December 2024 to holders of record at the close of business on 08 November 2024.

The quarterly dividend calendar for the remainder of 2024 will be as follows:

	Announcement Date	Ex-dividend Date for Ordinary Shares	Ex-dividend Date for ADRs	Record Date	Payment Date
Q3 2024 Dividend	24 October 2024	07 November 2024	08 November 2024	08 November 2024	06 December 2024

Segment Information - Business Groups

(unaudited)
Third Quarter	Beauty & Wellbeing	Personal Care	Home Care	Nutrition	Ice Cream	Total
Turnover (€ million)
2023	3,106	3,597	3,084	3,250	2,205	15,242
2024	3,276	3,393	2,993	3,201	2,383	15,246
Change (%)	5.5	(5.7)	(2.9)	(1.5)	8.1	-
Impact of:
Acquisitions (%)	1.0	-	-	-	0.7	0.3
Disposals (%)	-	(6.3)	(1.2)	(0.5)	-	(1.8)
Currency-related items (%), of which:	(2.1)	(3.6)	(3.6)	(2.5)	(2.3)	(2.8)
Exchange rates changes (%)	(3.7)	(5.3)	(6.6)	(4.4)	(4.4)	(4.9)
Extreme price growth in hyperinflationary markets*	1.7	1.8	3.2	2.0	2.2	2.2
Underlying sales growth (%)	6.7	4.4	1.9	1.5	9.8	4.5
Price* (%)	0.9	1.3	(1.4)	1.1	2.9	0.9
Volume (%)	5.7	3.1	3.3	0.4	6.7	3.6

Nine Months	Beauty & Wellbeing	Personal Care	Home Care	Nutrition	Ice Cream	Total
Turnover (€ million)
2023	9,343	10,515	9,325	9,861	6,733	45,777
2024	9,817	10,349	9,326	9,890	6,996	46,378
Change (%)	5.1	(1.6)	-	0.3	3.9	1.3
Impact of:
Acquisitions (%)	0.9	-	-	-	1.5	0.4
Disposals (%)	(1.1)	(4.4)	(0.4)	(0.4)	-	(1.4)
Currency-related items (%), of which:	(1.6)	(2.1)	(2.3)	(1.9)	(1.2)	(1.9)
Exchange rates changes (%)	(3.2)	(3.9)	(5.5)	(3.6)	(3.2)	(3.9)
Extreme price growth in hyperinflationary markets*	1.6	1.9	3.3	1.8	2.1	2.1
Underlying sales growth (%)	7.0	5.2	2.8	2.6	3.6	4.3
Price* (%)	1.3	2.2	(1.3)	2.5	2.1	1.3
Volume (%)	5.6	3.0	4.2	0.1	1.5	2.9

* Underlying price growth in excess of 26% per year in hyperinflationary economies has been excluded when calculating the price growth in the tables above, and an equal and opposite amount is shown as extreme price growth in hyperinflationary markets.

Turnover growth is made up of distinct individual growth components namely underlying sales, currency impact, acquisitions and disposals. Turnover growth is arrived at by multiplying these individual components on a compounded basis as there is a currency impact on each of the other components. Accordingly, turnover growth is more than just the sum of the individual components.

Segment Information - Geographical Areas

(unaudited)
Third Quarter	Asia Pacific Africa	The Americas	Europe	Total
Turnover (€ million)
2023	6,600	5,525	3,117	15,242
2024	6,493	5,478	3,275	15,246
Change (%)	(1.6)	(0.9)	5.1	-
Impact of:
Acquisitions (%)	-	0.9	-	0.3
Disposals (%)	(0.9)	(3.1)	(1.8)	(1.8)
Currency-related items (%), of which:	(3.2)	(4.3)	0.4	(2.8)
Exchange rates changes (%)	(4.7)	(8.1)	0.4	(4.9)
Extreme price growth in hyperinflationary markets*	1.6	4.2	-	2.2
Underlying sales growth (%)	2.5	5.9	6.5	4.5
Price* (%)	1.5	1.3	(1.0)	0.9
Volume (%)	1.0	4.6	7.7	3.6

Nine Months	Asia Pacific Africa	The Americas	Europe	Total
Turnover (€ million)
2023	20,141	16,467	9,169	45,777
2024	19,869	16,950	9,559	46,378
Change (%)	(1.3)	2.9	4.3	1.3
Impact of:
Acquisitions (%)	-	1.1	-	0.4
Disposals (%)	(0.5)	(2.9)	(0.8)	(1.4)
Currency-related items (%), of which:	(3.9)	(0.7)	0.6	(1.9)
Exchange rates changes (%)	(5.4)	(4.6)	0.6	(3.9)
Extreme price growth in hyperinflationary markets*	1.5	4.1	-	2.1
Underlying sales growth (%)	3.2	5.6	4.5	4.3
Price* (%)	1.2	1.4	1.5	1.3
Volume (%)	2.0	4.1	2.9	2.9

Non - GAAP measures

In our financial reporting we use certain measures that are not defined by generally accepted accounting principles (GAAP) such as IFRS. We believe this information, along with comparable GAAP measurements, is useful to investors because it provides a basis for measuring our operating performance, and our ability to retire debt and invest in new business opportunities. Our management uses these financial measures, along with the most directly comparable GAAP financial measures, in evaluating our operating performance and value creation. Non-GAAP financial measures should not be considered in isolation from, or as a substitute for, financial information presented in compliance with GAAP. Wherever appropriate and practical, we provide reconciliations to relevant GAAP measures. The non-GAAP measures used in this announcement are underlying sales growth, underlying volume growth and underlying price growth (see below).

Underlying sales growth (USG)

Underlying sales growth (USG) refers to the increase in turnover for the period, excluding any change in turnover resulting from acquisitions, disposals, changes in currency and price growth in excess of 26% in hyperinflationary economies. Inflation of 26% per year compounded over three years is one of the key indicators within IAS 29 to assess whether an economy is deemed to be hyperinflationary. We believe this measure provides valuable additional information on the underlying sales performance of the business and is a key measure used internally. The impact of acquisitions and disposals is excluded from USG for a period of 12 calendar months from the applicable closing date. Turnover from acquired brands that are launched in countries where they were not previously sold is included in USG as such turnover is more attributable to our existing sales and distribution network than the acquisition itself. The reconciliation of changes in the GAAP measure turnover to USG is provided on page 9 and 10.

Underlying price growth (UPG)

Underlying price growth (UPG) is part of USG and means, for the applicable period, the increase in turnover attributable to changes in prices during the period. UPG therefore excludes the impact to USG due to (i) the volume of products sold; and (ii) the composition of products sold during the period. In determining changes in price we exclude the impact of price growth in excess of 26% per year in hyperinflationary economies as explained in USG above. The measures and the related turnover GAAP measure are set out on page 9 and 10.

Underlying volume growth (UVG)

Underlying volume growth (UVG) is part of USG and means, for the applicable period, the increase in turnover in such period calculated as the sum of (i) the increase in turnover attributable to the volume of products sold; and (ii) the increase in turnover attributable to the composition of products sold during such period. UVG therefore excludes any impact on USG due to changes in prices. The measures and the related turnover GAAP measure are set out on page 9 and 10.

Cautionary Statement

This announcement may contain forward-looking statements, including 'forward-looking statements' within the meaning of the United States Private Securities Litigation Reform Act of 1995, concerning the financial condition, results of operations and businesses of the Unilever Group (the 'Group'). All statements other than statements of historical fact are, or may be deemed to be, forward-looking statements. Words and terminology such as 'will', 'aim', 'expects', 'anticipates', 'intends', 'looks', 'believes', 'vision', 'ambition', 'target', 'goal', 'plan', 'potential', 'work towards', 'may', 'milestone', 'objectives', 'outlook', 'probably', 'project', 'risk', 'seek', 'continue', 'projected', 'estimate', 'achieve' or the negative of these terms, and other similar expressions of future performance, results, actions or events, and their negatives, are intended to identify such forward-looking statements. Forward-looking statements also include, but are not limited to, statements and information regarding Unilever's acceleration of its Growth Action Plan, Unilever's portfolio optimisation towards global or scalable brands, the capabilities and potential of such brands, the various aspects of the separation of Ice Cream and its future operational model, strategy, growth potential, performance and returns, Unilever's productivity programme, its impacts and cost savings over the next three years and operation dis-synergies from the separation of Ice Cream, the Group's emissions reduction targets and other climate change related matters (including actions, potential impacts and risks associated therewith). Forward-looking statements can be made in writing but also may be made verbally by directors, officers and employees of the Group (including during management presentations) in connection with this announcement. These forward-looking statements are based upon current beliefs, expectations and assumptions regarding anticipated developments and other factors affecting the Group. They are not historical facts, nor are they guarantees of future performance or outcomes. All forward-looking statements contained in this announcement are expressly qualified in their entirety by the cautionary statements contained or referred to in this section. Readers should not place undue reliance on forward-looking statements.

Because these forward-looking statements involve known and unknown risks and uncertainties, a number of which may be beyond the Group's control, there are important factors that could cause actual results to differ materially from those expressed or implied by these forward-looking statements. Among other risks and uncertainties, the material or principal factors which could cause actual results to differ materially from the forward-looking statements expressed in this announcement are: Unilever's ability to successfully separate Ice Cream and realise the anticipated benefits of the separation; Unilever's ability to successfully execute and consummate its productivity programme in line with expected costs to achieve expected savings; Unilever's global brands not meeting consumer preferences; Unilever's ability to innovate and remain competitive; Unilever's investment choices in its portfolio management; the effect of climate change on Unilever's business; Unilever's ability to find sustainable solutions to its plastic packaging; significant changes or deterioration in customer relationships; the recruitment and retention of talented employees; disruptions in Unilever's supply chain and distribution; increases or volatility in the cost of raw materials and commodities; the production of safe and high quality products; secure and reliable IT infrastructure; execution of acquisitions, divestitures and business transformation projects; economic, social and political risks and natural disasters; financial risks; failure to meet high and ethical standards; and managing regulatory, tax and legal matters.

The forward-looking statements speak only as of the date of this announcement. Except as required by any applicable law or regulation, the Group expressly disclaims any intention, obligation or undertaking to release publicly any updates or revisions to any forward-looking statements contained herein to reflect any change in the Group's expectations with regard thereto or any change in events, conditions or circumstances on which any such statement is based. New risks and uncertainties arise over time, and it is not possible for us to predict those events or how they may affect us. In addition, we cannot assess the impact of each factor on our business or the extent to which any factor, or combination of factors, may cause actual results to differ materially from those contained in any forward-looking statements.

Further details of potential risks and uncertainties affecting the Group are described in the Group's filings with the London Stock Exchange, Euronext Amsterdam and the US Securities and Exchange Commission, including in the Annual Report on Form 20-F 2023 and the Unilever Annual Report and Accounts 2023.

Enquiries

Media: Media Relations Team			Investors: Investor Relations Team
UK	+44 78 2527 3767	lucila.zambrano@unilever.com	investor.relations@unilever.com
or	+44 77 7999 9683	jonathan.sibun@teneo.com
NL	+31 62 191 3705	kiran.hofker@unilever.com
or	+31 61 500 8293	fleur-van.bruggen@unilever.com

After the conference call on 24 October 2024 at 8:00 AM (UK time), the webcast of the presentation will be available at: www.unilever.com/investor-relations/results-and-presentations/latest-results.

This Results Presentation has been submitted to the FCA National Storage Mechanism and is available for inspection at https://data.fca.org.uk/#/nsm/nationalstoragemechanism.