Unilever Q2 2021 net sales rise, H1 results sit strong particularly in prestige beauty

The European-headquartered consumer goods giant tallied up net sales of €13.5bn for the second quarter (Q2) of 2021, up 1.2% on the previous year. Unilever’s largest division beauty and personal care generated net sales of €5.36bn, up 0.9% on the previous year, whilst home care turnover dipped 1.6% and foods and refreshment net sales rose 2.9%.

Total net sales for the first half (H1) of 2021 totted up at €25.79bn, up 0.3% on the previous year with net profit sitting at €3.39bn – slightly down on H1 2020.

Globally, Europe reported the strongest rise in turnover for Q2, up 4.5% versus a 0.1% rise in the Americas and 0.3% rise in Asia, Africa, Middle East, Turkey, Russia, Ukraine and Belarus.

Unilever’s total underlying sales growth [turnover growth excluding acquisitions, disposals, changes in currency and price growth] for Q2 was up 5% and up 5.4% for H1 2021.

‘Making good progress’ in high-growth spaces, particularly prestige

Alan Jope, CEO of Unilever, described it as a “strong first half” ​for the company.

“We are making good progress against strategic choices outlined earlier this year, including the development of our portfolio into high growth spaces,”​ Jope said.

The company’s prestige beauty and functional nutrition divisions in particular had seen strong growth, he said, with the former bolstered by the recent acquisition of “digitally native skin care brand”​ Paula’s Choice​.

“Competitive growth is our priority, and we are confident that we will deliver underlying sales growth in 2021 well within our multi-year framework of 3-5%, despite more challenging comparators in the second half,”​ Jope said, including “further cost inflation”​ and continued “cost volatility”​.

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