Unilever : Q1 2021 highlightsPDF | 145KB

UNILEVER TRADING STATEMENT FIRST QUARTER 2021

Performance highlights

Underlying performance			GAAP measures
	vs 2020				vs 2020
Underlying sales growth (USG)	5.7%	Turnover		€12.3bn	(0.9)%
Quarterly dividend payablein June 2021			€0.4268 per share

• Underlying sales growth of 5.7%, with 4.7% volume and 1.0% price
• Turnover decreased by 0.9%, driven by a negative currency related impact of 8.0%
• Quarterly shareholder dividend of €0.4268 per share and share buyback programmeof up to €3 billion to commence in May

Alan Jope: Chief Executive Officer statement

"Unilever has madea goodstart to the year. Our focus on operational excellence, innovation, and purposefulbrands is continuing to strengthen competitiveness and has deliveredunderlying sales growth of 5.7%for the quarter.

We are drivingthe evolution of our portfolio, with stronggrowth in Prestige Beautyand Functional Nutrition. The operationalseparation of our Tea business is on track. We arealsomaking good progress in creatinga new unit, Elida Beauty, comprisinga number of our smaller beauty andpersonalcarebrands.

We are confidentthat we will deliver underlying sales growth in 2021within our multi-year framework of 3-5%, with the first half aroundthe top of this range. We expectto increaseunderlyingoperating margin slightlyfor the fullyear, though with a decline in the first half drivenby Covid-19impacts, higher cost inflation andincreasedmarketingspendover the prior year. Following another year of strongcash flow delivery, Unilever's Board has approved a sharebuybackprogramme of up to €3 billion.

We are committed to delivering superior long-term financial performancethrough our sustainable business model, which we believehas never been morerelevant thanit is today."

29 April 2021

Underlying sales growth (USG), underlying volume growth (UVG) and underlying price growth (UPG) are non-GAAP measures (see page 7)