The following is a summary of the Unilever PLC (UL) Q3 2024 Earnings Call Transcript:

Financial Performance:

• Unilever reported Q3 2024 underlying sales growth of 4.5%, driven by a volume increase of 3.6%.

• Beauty & Wellbeing and Ice Cream were highlighted as strong performers with significant volume growth.

• Pricing remains subdued at 0.9% due to softer markets but is expected to increase following moderate cost inflation.

Business Progress:

• Unilever's Power Brands experienced solid volume growth of 4.3%, supported by the company's focused Growth Action Plan.

• Continued expansion and operational improvements in the Ice Cream segment are expected as the company plans to make this a stand-alone entity by next year.

• The company has completed significant market exits and adjustments, such as departing the water purification business in China and divesting its complete business in Russia.

Opportunities:

• The Growth Action Plan and operational improvements across segments, especially in Beauty & Wellbeing and Ice Cream, indicate potential for ongoing market leadership and increased competitiveness.

• The anticipated benefit from operational resets in challenging markets like China and Indonesia aiming for recovery in the second half of 2025.

Risks:

• Presence in emerging markets like Indonesia faces ongoing challenges and requires significant intervention for stabilization, which might impact short-term performance.

• Economic and market fluctuations impacting consumer goods pricing, particularly in emerging markets like Brazil and Mexico.

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