Unilever Reports Slower Growth as Ice Cream Division Prepares Amsterdam Listing

The consumer goods giant forecasts a subdued start to 2025 while restructuring efforts and brand focus aim to drive long-term performance.

Unilever posted a 1.9% increase in turnover for 2024, reaching €60.8 billion, with underlying sales growth of 4.2%, slightly below analyst expectations of 4.3%.
The company announced its ice cream division, which includes Magnum and Ben & Jerry's, will be demerged with a primary stock market listing in Amsterdam and secondary listings in London and New York by the end of 2025.
Net profits fell by 11% to €5.7 billion in 2024, driven by restructuring costs, including 7,500 job cuts and asset disposals such as its exit from Russia.
Unilever's 'power brands,' including Dove and Comfort, accounted for over 75% of its revenue and drove growth, while its beauty and wellbeing division outperformed with 6.5% sales growth.
The company anticipates subdued market growth in the first half of 2025 but expects improvements later in the year, supported by price adjustments and continued focus on its top-performing brands.