Unilever PLC Unilever update (0014Z)
20 January 2022 - 3:30AM
UK Regulatory
TIDMULVR
RNS Number : 0014Z
Unilever PLC
19 January 2022
Unilever update
London, 19 January 2022. We note the recently shared financial
assumptions from the current owners of GSK Consumer Healthcare and
have determined that it does not change our view on fundamental
value.
Accordingly, we will not increase our offer above GBP50bn.
Unilever is committed to maintaining strict financial discipline
to ensure that acquisitions create value for our shareholders.
Unilever also reiterates its commitment to continuing to improve
the performance of its existing portfolio through its ongoing focus
on operational excellence, its upcoming reorganisation and by
rotating the portfolio to higher growth categories.
We look forward to updating on our performance for Q4, and the
full year, on February 10th and continued engagement with
shareholders.
ENDS
Enquiries
Media:
Jonathan Sibun +44 77 7999 9683 / JSibun@tulchangroup.com
Lucila Zambrano +44 78 2527 3767 /
lucila.zambrano@unilever.com
Investors:
Investor Relations Team +44 20 7822 6830
investor.relations@unilever.com
About Unilever
Unilever is one of the world's leading suppliers of Beauty &
Personal Care, Home Care, and Foods & Refreshment products,
with sales in over 190 countries and products used by 2.5 billion
people every day. We have 149,000 employees and generated sales of
EUR50.7 billion in 2020.
Our vision is to be the global leader in sustainable business
and to demonstrate how our purpose-led, future-fit business model
drives superior performance. We have a long tradition of being a
progressive, responsible business.
The Unilever Compass, our sustainable business strategy, is set
out to help us deliver superior performance and drive sustainable
and responsible growth, while:
- improving the health of the planet;
- improving people's health, confidence and wellbeing; and
- contributing to a fairer and more socially inclusive
world.
For more information about Unilever and our brands, please visit
www.unilever.com .
Safe Harbour
This announcement may contain forward-looking statements,
including 'forward-looking statements' within the meaning of the
United States Private Securities Litigation Reform Act of 1995.
Words such as 'will', 'aim', 'expects', 'anticipates', 'intends',
'looks', 'believes', 'vision', or the negative of these terms and
other similar expressions of future performance or results, and
their negatives, are intended to identify such forward-looking
statements. These forward-looking statements are based upon current
expectations and assumptions regarding anticipated developments and
other factors affecting the Unilever Group (the 'Group'). They are
not historical facts, nor are they guarantees of future
performance.
Because these forward-looking statements involve risks and
uncertainties, there are important factors that could cause actual
results to differ materially from those expressed or implied by
these forward-looking statements. Among other risks and
uncertainties, the material or principal factors which could cause
actual results to differ materially are: Unilever's global brands
not meeting consumer preferences; Unilever's ability to innovate
and remain competitive; Unilever's investment choices in its
portfolio management; the effect of climate change on Unilever's
business; Unilever's ability to find sustainable solutions to its
plastic packaging; significant changes or deterioration in customer
relationships; the recruitment and retention of talented employees;
disruptions in our supply chain and distribution; increases or
volatility in the cost of raw materials and commodities; the
production of safe and high quality products; secure and reliable
IT infrastructure; execution of acquisitions, divestitures and
business transformation projects; economic, social and political
risks and natural disasters; financial risks; failure to meet high
and ethical standards; and managing regulatory, tax and legal
matters. A number of these risks have increased as a result of the
current Covid-19 pandemic. These forward-looking statements speak
only as of the date of this document. Except as required by any
applicable law or regulation, the Group expressly disclaims any
obligation or undertaking to release publicly any updates or
revisions to any forward-looking statements contained herein to
reflect any change in the Group's expectations with regard thereto
or any change in events, conditions or circumstances on which any
such statement is based.
Further details of potential risks and uncertainties affecting
the Group are described in the Group's filings with the London
Stock Exchange, Euronext Amsterdam and the US Securities and
Exchange Commission, including in the Annual Report on Form 20-F
2020 and the Unilever Annual Report and Accounts 2020 available on
our corporate website.
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END
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