Volume-Led Growth
Unilever reported underlying volume growth of 2.9% for 2024, with all five Business Groups contributing to this growth.
Gross Margin Improvement
Gross margin increased by 280 basis points to 45%, exceeding pre-COVID levels in all Business Groups except Ice Cream.
Strong Performance in Beauty & Wellbeing
The Beauty & Wellbeing segment achieved a 6.5% increase in underlying sales growth, driven by 5.1% volume growth.
Significant Capital Return to Shareholders
Unilever returned €5.8 billion to shareholders in 2024 through dividends and share buybacks.
Productivity Program Ahead of Schedule
The program led to a reduction of 4,300 full-time roles by the end of 2024, ahead of the planned reduction of 7,500 roles by the end of 2025.
Strong Performance in North America
North America saw a 7% growth with volumes in excess of 6%, reflecting the strong performance of Wellbeing and Prestige segments.
Improved Cash Conversion
Cash conversion was strong at 106%, above the long-term ambition of around 100%.