Unilever press release (NYSE:UL): Non-GAAP FY EPS of €2.60.
Revenues (Turnover) equal to €59.6 billion (-0.8% y/y).
Sales growth of 7.0% with positive volumes, up 0.2% for the year and 1.8% in the fourth quarter.
Strong cash conversion of 111% with free cash flow up by 1.9 billion euros to 7.1 billion euros.
New €1.5 billion share buyback starting in the second quarter.
View: We expect underlying sales growth for 2024 to be within our multi-year range of 3% to 5%, with a greater balance between volume and price. We expect modest improvement in underlying operating margin for the full year. We will achieve this through gross margin expansion, driven by increased productivity and a return of net material inflation to more normal levels