Q4 Financial Overview

Unilever plc disclosed its financial outcomes for the fourth quarter of 2024, revealing a turnover of €14.2 billion. This figure represents a marginal decrease of 0.1% compared to the same quarter in the previous year. Despite this, the company experienced an underlying sales growth of 4% during this period. Furthermore, Unilever announced a quarterly dividend of €0.4528 per share, payable in March.

Annual Financial Performance

Looking at the full fiscal year of 2024, Unilever's turnover saw an increase of 1.9% to €60.8 billion, with underlying sales growth climbing to 4.2%. However, the company faced a 3.7% decline in GAAP operating profit, which fell to €9.4 billion. Net profit for the year also decreased by 10.8% to €6.4 billion, equating to €2.29 per diluted share. A significant announcement was the expected completion of the separation of its UIce Cream business by the end of 2025.

CEO's Statement

Hein Schumacher, CEO of Unilever, commented on the year's achievements and challenges, stating, "Today's results reflect a year of significant activity as we focused on transforming Unilever into a consistently higher performing business. Under the Growth Action Plan, we committed to doing fewer things, better and with greater impact. We executed the plan at pace and made progress in 2024."