Unilever has announced its Q1 results for 2025, revealing a turnover of €14.8 billion.

Unilever achieved underlying sales growth (USG) of 3%, with volume growth of 1.3% and price of 1.7%. Turnover was €14.8 billion, down -0.9% including -2.7% from net disposals.

The underlying sales of Unilever’s Foods category grew 1.6% with -1.1% from volume and 2.7% from price. Condiments grew low-single digit with positive volume and price, which was led by the flavoured mayo range.

Cooking Aids grew low-single digit driven by price, with the Knorr brand seeing growth as it released new flavours and relaunched core products.

Unilever said it was on track to complete the separation of its Ice Cream division in the fourth quarter of 2025, with the new business set to be called The Magnum Ice Cream Company. It will operate on a standalone basis from 1st July, and Unilever’s Ice Cream category will be reported as a discontinued operation from the fourth quarter.

Unilever to “create desirability at scale” for brands

Fernando Fernandez, CEO of Unilever, stated: “We have started the year with a resilient performance. First quarter underlying sales growth of 3% reflects the strength of our increasingly premium and innovation-led portfolio in developed markets. We have interventions in place in some emerging markets to step up growth in the remainder of the year.

“Heightened global macroeconomic uncertainty is a fact; however, the quality of our innovation programme, the strong investment behind our brands and our improving competitiveness give us confidence we will deliver on our full year plans.

“Creating desirability at scale for our brands and brilliant in-market execution are the pillars of our plan to turn Unilever into a consistently higher performing business. We are moving at pace, confident in making progress in 2025 and beyond.”