Food and drink, including ice creams like Ben & Jerry’s, Cornetto and Magnum, were responsible for almost 40% of Unilever’s sales in the first half of 2022.
(Picture: Unilever)Maker of Ben & Jerry’s ice cream and Hellmann’s mayonnaise, Unilever, posted a drop in operating margins as inflation takes a bite out of corporate profits.
The consumer goods company saw revenue grow 8.1% in the first half of 2022 to top £25 billion, ahead of previous guidance, while profit margins dropped 180 basis points to 17%. A fall in the volume of goods sold was offset by 9.8% product price growth.
