LSE$UL
Unilever · Q3 2024 earnings
Q3 2024 earnings · · Investor relations
Briefing
Unilever reported steady revenue growth and improved profitability in Q4 2024.
Unilever's Q4 2024 revenue was €14.2 billion, with an underlying sales growth of 4.0%. The company's operating profit reached €9.4 billion for the full year, despite a decline of 3.7%. Adjusted earnings per share increased by 14.7% to €2.98. Free cash flow remained strong at €6.9 billion.
- Revenue reached €14.2 billion in Q4 2024, showing stable performance.
- Operating margin improved to 15.5%, though operating profit declined 3.7%.
- Adjusted EPS increased by 14.7%, while diluted EPS fell 10.6% due to restructuring costs.
- Strong free cash flow of €6.9 billion with a 106% cash conversion rate.
Headline financials
Revenue & EPS history
Unilever · Revenue · Quarterly
$14.8B
Forward guidance
Unilever expects underlying sales growth between 3% and 5% for full-year 2025. Operating margin is expected to see modest improvement, with better results in the second half due to pricing adjustments.
Tailwinds
- Underlying sales growth expected between 3%-5%.
- Operational efficiencies and cost savings expected to support profitability.
- Continued investment in marketing and brand innovation.
- Positive impact of portfolio restructuring and Ice Cream separation.
- Anticipated volume and price balance in H2 2025.
Headwinds
- Market growth remains subdued in early 2025.
- Commodity cost inflation expected to increase pricing pressures.
- China and Indonesia remain challenging markets.
- Higher restructuring costs anticipated in early 2025.
- Macroeconomic uncertainty could impact consumer demand.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 1 quarterly earnings reports · overlaid with Q3 2024
-3.3%
Avg return
Earnings day
-7.1%
Avg return
5 days after
-0.7%
Avg return
30 days after
50%
1 / 2 earnings
Positive
+0.5%
Q3 2010
Best reaction
-7.2%
Q3 2024
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q3 2024 | -7.2% | -7.1% | -0.7% | |
| Q3 2010 | +0.5% | — | — | |
| Q2 2010 | — | — | — | |
| Q1 2010 | — | — | — |
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