Unilever reveals ecommerce sales now 14% of turnover

News in brief

Unilever has reported €29.6bn turnover in its half-year earnings, an of 14.9% year-on-year.

The FMCG brand reported the billion+ Euro brands in its portfolio accounted for more than 50% of this total turnover, growing 9.4% compared to 2021.

Alan Jope, Unilever’s chief executive officer, said it had made “further progress against strategic priorities”, with ecommerce sales now making up 14% of turnover, up from 6% in 2019.

Underlying sales growth grew 8.1% and underlying earnings per share increased 1% year-on-year (including currency impact of 4.9%).

Looking ahead, Unilever predicted underlying sales growth would be above the range of 4.5% to 6.5% previously predicted.

The company also said it would continue to invest in “the health of our brands”, and in the first half of this year it increased absolute brand and marketing investment and said it would commit to again invest “competitively” in marketing, research and development and capital expenditure in the second half of this year.