Unilever reported a solid overall performance for the 2024 fiscal year, showing a 4.2% increase in underlying sales, driven by a volume growth of 2.9%. The company's operating profit also saw a notable rise of 12.6%. Despite these strengths, challenges such as China's economic slowdown, fierce competition in emerging markets, and high inflation pose risks moving forward. CEO Hein Schumacher's turnaround efforts appear to be fruitful, but persistent issues in regions like Indonesia remain concerns, necessitating further strategic execution to maintain competitive momentum throughout 2025.
"2024 was a much better year for Unilever with solid, volume-led sales growth across every division, and rising margins."
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