Unilever Q2 Earnings Call Highlights

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Unilever (NYSE:UL) reported accelerating volume-led maturation successful the 2nd quarter, prompting the user products institution to rise its full-year outlook arsenic it expects pricing to go a larger contributor successful the 2nd half.

Underlying income roseate 4.8% successful the archetypal half, including 4.2% from measurement and 0.6% from price, Chief Financial Officer Srinivas Phatak said connected the company's results call. Second-quarter underlying income maturation accelerated to 5.8%, driven by 5.5% measurement growth, which absorption described arsenic Unilever's strongest quarterly measurement show since 2010.

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First-half turnover was €25.6 billion, up 0.5% from a twelvemonth earlier. Acquisitions nett of disposals contributed 0.7% to turnover growth, portion currency movements reduced turnover by 4.9%. Underlying operating nett roseate 0.9% to €5.2 billion, and underlying net per stock accrued 2.4% to €1.61. Free currency travel accrued €500 cardinal twelvemonth implicit twelvemonth to €1.5 billion.

Power brands and location attraction thrust maturation

Unilever said its powerfulness brands, which relationship for 78% of turnover, grew 6% successful the archetypal fractional and 6.9% successful the 2nd quarter. Second-quarter power-brand measurement maturation was 6.8%, with 15 of the company's 30 powerfulness brands posting double-digit growth.

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Beauty and Wellbeing recorded first-half underlying income maturation of 5.9%, accelerating to 8.1% successful the 2nd quarter. Hair attraction grew 9% during the half, supported by Dove, Sunsilk and K18. Vaseline posted double-digit growth, portion the prestige quality portfolio besides accelerated, with Paula's Choice, Hourglass and Tatcha each delivering double-digit maturation successful the 2nd quarter.

Personal Care grew 4.8% successful the archetypal fractional and 5.9% successful the 2nd quarter. Unilever said it regained marketplace enactment successful U.S. deodorants, supported by Dove, portion Rexona returned to maturation successful Brazil aft changes to format premix and support space.

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Home Care was the company's fastest-growing concern group, with underlying income up 7.6% successful the archetypal fractional and 9.1% successful the 2nd quarter. Nearly each first-half maturation came from volume. The conception benefited from beardown fabric-cleaning maturation successful India, Brazil and Indonesia, arsenic good arsenic continued momentum successful cloth enhancers led by Comfort.