Unilever PLC (UL) is a consumer goods holding company headquartered in the U.K. Through its subsidiaries, the company manufactures and sells beauty and wellness, personal care, home care, nutrition, and ice cream products.

Unilever owns more than 400 brands in 190 countries. Some of those brands include popular names like Dove, Vaseline, Lipton, Hellmann's, Ben & Jerry's, Seventh Generation, and Sunlight.

In order to compete in the highly competitive global consumer goods market, Unilever has structured its business model around building well-known, high-quality brands that consumers trust. Some of the company's major rivals include Switzerland-based Nestlé S.A. (NESN), Procter & Gamble Co. (PG), Johnson & Johnson (JNJ), PepsiCo Inc. (PEP), and Colgate-Palmolive Co. (CL).

Unilever's Financials

For its 2022 fiscal year (FY), Unilever reported a net profit of €8.3 billion, a 24.9% increase compared to the year before. Revenues, which the company calls "turnover" and defines as sales of goods after deducting discounts, sales taxes, and estimated returns, grew 14.5% to €60.1 billion. Turnover, also referred to as "澳洲幸运5开奖号码历史查询:overall turnover," is a term for revenue commonly used in Europe and Asia.

Unilever's underlying sales growth (USG), which excludes the impact of acquisitions, disposals, currency fluctuations, and excessive price growth in 澳洲幸运5开奖号码历史查询:hyperinflationary economies, was 9% compared to 2021. Operating profit for the period, meanwhile, was €10.8 billion, up 23.6% from the previous year.

USG was driven by all sales groups and the improvement in underlying operating profit was due to input cost inflation. The high global inflationary environment, which increased prices, helped sales growth but did impact volumes, which decreased by 2.1%.

Unilever's Business Segments

Unilever has five main business segments: Beauty & Wellbeing; Personal Care; Home Care; Nutrition; and Ice Cream. It provides a breakdown of revenue (i.e., turnover) and underlying operating profit for each of these seg♊ments, which we look at in closer detail below.

Beauty & Wellbeing

The company's Beauty & Wellbeing segment is comprised of sales of the following products: hair care (shampoo, conditioner, styling), skin care (face, hand, and body moisturizers), and includes Prestige Beauty and Health & Wellbeing.

For Fiscal Year 2022, turnover for the segment was €12.3 billion; a sales growth of 7.8%. This segment contributed 20.4% to the total turnover. The underlying operating profit (UOP) was €2.3 billion, making up 23.7% of the total UOP.

Personal Care

The company's Personal Care segment consists of the following products: skin cleansing (soap, shower), deodorant, and oral care (toothpaste, toothbrush, mouthwash).

For Fiscal Year 2022, turnover for the segment was €13.6 billion; a sales growth of 7.9%. This segment contributed 22.7% to the total turnover. The underlying operating profit (UOP) was €2.7 billion, making up 27.7% of the total UOP.

Home Care

The Home Care segment is primarily comprised of sales fabric care (washing powders and liquids, rinse conditioners), and a wide range of cleaning products.

For Fiscal Year 2022, turnover for the segment was €12.4 billion; a sales growth of 11.8%. This segment contributed 20.6% to the total turnover. The underlying operating profit (UOP) was €1.3 billion, making up 13.9% of the total UOP.

Nutrition

The Nutrition segment primarily consists of sales of scratch cooking aids (soups, bouillons, seasonings), dressings (mayonnaise, ketchup), and tea products.

For Fiscal Year 2022, turnover for the segment was €13.9 billion; a sales growth of 8.6%. This segment contributed 23.1% to the total turnover. The underlying operaring profit (UOP) was €2.4 billion, making up 25.3% of the total UOP.

Ice Cream

The Ice Cream segment consists of sales of ice cream products.

For Fiscal Year 2022, turnover for the segment was €7.9 billion; a sales growth of 9%. This segment contributed 13.1% to the total turnover. The underlying operaring profit (UOP) was €919 million, making up 9.5% of the total UOP.

Unilever's Recent Developments

In March 2023, Unilever announced a €20 million investment in a new factory in Ukraine. Construction will begin in 2023 and the factory will open in 202. It will be located in Kyiv, the country's capital. The factory will manufacture personal care products and create one hundred jobs.

In June 2023, the company announced its purchase of Yasso, a premium frozen Greek yogurt brand in the United States. The brand will become part of its Ice Cream segment and join other brands in the portfolio, such as Ben & Jerry's, Magnum, and Talenti.

The Bottom Line

Unilever is a diversified consumer goods holding company. It makes its money through the sales of products across a range of categories, includ♒ing beauty, personal care, and ice cream. This diversified portfolio helps the company weather volatility and grow profits ove൩r time.