Unilever reported H1 operating profit from continuing operations of EUR 4.76 billion, down 11%, on turnover of EUR 25.51 billion, down 4%. Profit before taxation from continuing operations fell 8% to EUR 4.58 billion, while total net profit decreased 5% to EUR 3.81 billion. Net profit from continuing operations was EUR 3.41 billion, down 5%, and net profit attributable to shareholders’ equity used for EPS was EUR 3.13 billion, down 5%. Free cash flow dropped 44% to EUR 1.08 billion, as cash flow from operating activities fell 24% to EUR 3.15 billion. Unilever said H1 gross margin rose to 47.5% and brand and marketing investment increased to 16.2%, while underlying operating margin fell 0.3 percentage points to 20.2%.
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