Unilever H1 profits up 3.3%, sees price growth moderting

(Sharecast News) - Consumer goods giant Unilever delivered a 3.3% rise in interim earnings driven by higher prices and said it expected underlying price growth to moderate through the year. Underlying operating profit came in at €5.2bn as underlying sales grew 9.1% to €30.4bn.

"In a volatile and high-cost environment, we will deliver another year of strong underlying sales growth in 2023," said chief executive Hein Schumacher.

"We expect underlying sales growth for the full year to be above 5%, ahead of our multi-year range, with underlying price growth continuing to moderate through the year."

Reporting by Frank Prenesti for Sharecast.com