Unilever profit slides ahead of ice cream demerger / Photo: Michael M. Santiago - GETTY IMAGES NORTH AMERICA/AFP/File
-
Best Pet Advent Calendars for Christmas 2026: Dog Treats and Cat Toys
-
IIM Indore Announces IPMAT 2027 Exam Date for April 24
-
Grattan Institute Releases Blueprint to Target Specialists Over Excessive Fees
-
The Dilemma of Recording Live Music: Preserving Memories vs. Being Present
-
Arizona Science Center Hosts Girls in STEM Astro Adventures for Students
-
ANC’s Renewal Rhetoric Fades as Voters Reject Party in 2026 Local Elections
-
New Turkish Cafe, Japanese BBQ, and Korean Restaurants Open Across East Bay
-
Foreign Investors Return to Indian Markets After 10-Month Selloff
-
Knowle Move Four Points Clear at Top After Histon Victory
-
Honda CR-V and Toyota RAV4 Lead Canada’s Most Stolen Vehicles List for 2025
-
Physicians Urge Arizona to Ban Medical Gag Clauses and Enable Private Lawsuits
-
China Extends Tariff Suspension on US Imports to Stabilize Trade Ties
-
New Campaign Highlights Knowledge Gaps on Carbon Monoxide Safety Among Americans
-
JR East Launches 'teppay' to Integrate Suica Balance with Mobile Payments
Unilever profit slides ahead of ice cream demerger
British consumer goods giant Unilever on Thursday said net profit fell five percent in the first six months of the year, as it prepares to demerge its ice cream business.
Profit after tax dropped to 3.5 billion euros ($4 billion) compared with the first half of 2024, said the maker of products ranging from Dove soap and Cif surface cleaner to Hellmann's mayonnaise.
Unilever's turnover slipped three percent to 30.1 billion euros, while underlying sales grew more than expected thanks to a strong performance from its ice cream business making the Ben & Jerry's and Magnum brands
Unilever is undergoing a turnaround to boost its performance, which has included spinning off its ice cream division, job cuts and bringing in new chief executive Fernando Fernandez.
The new standalone firm, The Magnum Ice Cream Company, is on track to begin operating by mid-November.
Fernandez on Thursday said Unilever would focus on growing sales in the United States and India, as well as prioritising its personal care and beauty divisions.
The group maintained its sales outlook for the full-year.
Without specifically referring to US tariffs, it highlighted an "uncertain" macroeconomic and currency environment, adding that the group "will be agile in adjusting... plans as necessary".
Fernandez took over as CEO in March after Hein Schumacher spent less than two years in the role, during which time the company posted two sets of disappointing annual results.
F.Moura--PC
