Unilever net worth, driven by global revenue and diverse product categories, places the company among industry leaders in 2024.
In this article, Ando Money breaks down Unilever’s financial performance, covering revenue drivers, operational efficiency, and market segments that contributed to its impressive figures.
Unilever’s net worth is compared to other major brands, helping readers understand its financial position in the global market.
Quick Facts
| FACT | DETAIL |
|---|---|
| Name | Unilever |
| Full Name | Unilever PLC |
| Website | www.unilever.com |
| Industry | Consumer Goods |
| Traded as | LSE: ULVR, Euronext: UNA, NYSE: UL |
| ISIN | GB00B10RZP78 |
| Founded | September 2, 1929 |
| Founders | Antonius Jurgens, Samuel van den Bergh, William Lever |
| Country/Territory | United Kingdom / Netherlands |
| Headquarters | London, United Kingdom |
| Chief Executive Officer | Hein Schumacher |
| Number of Employees | 127,000 |
| Market Cap | $156.72 Billion |
| Total Assets | €79.83 billion ($85.61 billion) |
| Total Equity | €23.02 billion ($24.7 billion) |
| Revenue | €31.1 billion ($33.37 billion) |
| Net Income | €4.0 billion ($4.29 billion) |
What is the Net Worth/Market Cap Of Unilever in 2024?
As of 2024, Unilever’s net worth is driven primarily by its market capitalization, which stands at $156.72 billion. This figure places Unilever within the top 100 companies globally by market cap.
Compared to other companies in the consumer goods sector, Unilever maintains a solid financial position, with a significant presence in both emerging and developed markets.
Related companies to consider include:
- Procter & Gamble
- Nestlé
- Johnson & Johnson
- Colgate-Palmolive
- L’Oréal
- Reckitt Benckiser
- PepsiCo
- Kraft Heinz
- Danone
- Kimberly-Clark
For a broader look into the top companies’ finances, check out this list of the wealthiest global companies.
Unilever Financial Performance Overview
Revenue Drivers in 2024
Unilever’s financial success in 2024 is attributed to several key product categories. Beauty & Wellbeing saw a 7.1% increase in revenue, contributing €6.5 billion ($6.97 billion) to the company’s overall turnover.
Personal Care followed closely with €7.0 billion ($7.5 billion) in revenue, representing 5.6% growth. Both sectors benefited from strong brand performances like Dove and Sunsilk.
Home Care, which includes household cleaning products, grew by 3.3%, generating €6.3 billion ($6.75 billion) in revenue.
Nutrition, with well-known brands like Knorr and Hellmann’s, contributed €6.7 billion ($7.2 billion) and had 3.2% growth.
Ice Cream sales were lower than expected, increasing just 0.6% but still added €4.6 billion ($4.92 billion) to the total turnover.
Global Market Segments and Their Impact on Revenue
Unilever’s performance in emerging markets was particularly strong, with these regions making up 59% of total group turnover.
In places like Latin America and Africa, Unilever experienced 8.8% and double-digit growth, respectively.
On the other hand, performance in China and Indonesia faced challenges, with declines attributed to weaker market conditions and geopolitical concerns.
In developed markets, which account for 41% of Unilever’s total turnover, revenue grew by 2.8%, with North America and Europe showing resilient performance despite economic fluctuations.
The company saw particularly strong growth in categories like deodorants, driven by brands like Rexona and Dove.
Operational Efficiency and Cost Management
One of the key financial strategies for Unilever in 2024 has been improving operational efficiency.
The company achieved a gross margin of 45.7%, a 420bps increase compared to 2023. This was supported by its productivity programs, which contributed to cost reductions across several areas.
In line with its long-term goals, Unilever announced the separation of its Ice Cream Division by 2025, a move aimed at improving financial efficiency.
Despite a flat underlying operating profit from the ice cream business, the company remains focused on streamlining operations for long-term growth.
Financial Performance of Unilever’s Power Brands
Unilever’s financial strength also comes from its Power Brands, which account for around 75% of the company’s turnover.
In particular, Dove and Knorr led the way in driving revenue, with Dove seeing double-digit growth in the Personal Care sector.
In the Health & Wellbeing category, brands like Liquid IV and Olly also saw strong double-digit growth.
Financial Strategy: Investments, Divestments, and Acquisitions
In 2024, Unilever continued to focus on portfolio optimization. One of its major acquisitions was K18, a biotech hair care brand, which expanded its Beauty & Wellbeing segment.
Meanwhile, Unilever divested from Elida Beauty, simplifying its portfolio to focus on its core products.
These strategic moves are part of Unilever’s effort to streamline its product offerings while investing in high-growth sectors, positioning the company for sustained financial growth.
Dividend Policy and Share Buyback Program
Unilever maintained a quarterly dividend of €0.4396 per share in 2024, reflecting a 3% increase from the previous year.
Additionally, the company initiated a share buyback program of up to €1.5 billion ($1.61 billion), with €375 million ($402 million) executed in the first half of the year.
These moves underscore Unilever’s commitment to delivering value to its shareholders through both dividends and share repurchases.
Free Cash Flow and Capital Allocation Strategy
Unilever’s free cash flow for the first half of 2024 was €2.2 billion ($2.36 billion).
While slightly lower than in 2023 due to seasonal working capital outflows, the company remains committed to allocating capital effectively.
Unilever’s primary goal is to reinvest in its Power Brands and high-growth sectors while maintaining strong returns to its shareholders.
FAQs About Unilever
How did Unilever perform financially in 2024?
Its revenue for the first half of 2024 was €31.1 billion, with an overall growth rate of 2.3%. The company’s net income for the same period was €4.0 billion, a 3.5% increase compared to 2023.
What are the major categories contributing to Unilever’s revenue?
Its primary revenue drivers include Beauty & Wellbeing, Personal Care, Home Care, Nutrition, and Ice Cream. These segments contributed a total of €31.1 billion in 2024.
How is Unilever managing its operational costs?
The company improved its gross margin to 45.7% in 2024, partly due to its productivity programs and efforts to streamline its supply chain and operations.
What is Unilever’s dividend policy in 2024?
It increased its quarterly dividend by 3% to €0.4396 per share in 2024, continuing its commitment to providing steady returns to shareholders.
What acquisitions has Unilever made in 2024?
Unilever acquired K18, a biotech hair care brand, to bolster its Beauty & Wellbeing portfolio.
This acquisition reflects the company’s strategy to invest in high-growth markets.
Conclusion
Unilever’s 2024 financial performance demonstrates its resilience and strategic growth.
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