Unilever, which makes hundreds of household brands, has revealed its yearly sales were boosted by higher prices and selling more products.
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00:00 Hello, my name's Greg Wright and I'm the Deputy Business Editor of the Yorkshire Post,
00:05 and here are your business headlines for this morning.
00:08 Unilever, which makes hundreds of household brands, has revealed its yearly sales were
00:12 boosted by higher prices and selling more products. The business behind brands, including
00:17 Ben & Jerry's, said that its performance needs to improve as inflation has begun to
00:22 cool. Total underlying sales grew by 7% in 2023 compared to 2022. This was driven by
00:30 prices which rose 6.8% over the period, while the volume of items sold crept up by 0.2%.
00:38 It's the first time in more than a year that the company sold more products. Its nutrition
00:44 and ice cream brands, such as Magnum, saw the biggest price rises while the volume of
00:49 sales declined, meaning people were paying more money for fewer items. Unilever said
00:55 inflation began to cool during the second half of the year from double-digit price growth
01:00 in the first few months of 2023. So an update this morning from Unilever, which makes hundreds
01:05 of household brands, it says its yearly sales were boosted by higher prices. My name's Greg
01:11 Wright and I'm the Deputy Business Editor of the Yorkshire Post.
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