Summary by Moomoo AI
Unilever hosted an Investor Event on November 22, 2024, to present its "Growth Action Plan 2030" aimed at delivering consistent, higher performance. The company confirmed it's on track to complete its €800m productivity program and separate its Ice Cream business by end-2025. Post-separation, Unilever will focus on four Business Groups: Beauty & Wellbeing, Personal Care, Home Care, and Foods, driven by 30 Power Brands across 24 markets representing 85% of turnover.The Growth Action Plan 2030 builds on three strategic pillars: Focus, Excel, and Accelerate. Key initiatives include doubling down in India, accelerating Prestige and Wellbeing, premiumizing the US market, and growing select emerging markets. Unilever aims to achieve mid-single digit underlying sales growth, with at least 2% volume growth, and modest underlying operating margin improvement.CEO Hein Schumacher emphasized the company's goal to deliver best-in-class performance with market-making, superior brands. Unilever maintains its medium-term financial guidance and aims for top-third total shareholder return among peers, with an underlying return on invested capital in the high teens.
