Unilever Commits to Sourcing All Its Tea from Sustainable Ethical Sources
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P&G and Unilever
Global Strategy Advisors. Challenging boundaries and beyond February 19, 2006 Unilever Unilever House, Blackfriars London EC4P 4BQ, United Kingdom Sent Via Electronic Mail RE: Strategy Analysis Ladies and Gentlemen: At the request of the Board of Directors of Unilever, we provide herein our analysis of the Personal Products Industry and a strategy analysis of both Unilever and its biggest competitor, Procter & Gamble. The enclosed analysis also provides recommendations for Unilever to improve its competitive advantage. Respectfully submitted, GSA Procter & Gamble, Unilever and the Personal Products Industry Global Strategy Advisors Lee Ann Graul, Sherry Henricks, Steve Olp and Charlene Strohecker University of Maryland, University College AMBA 607 February 19, 2006 Table of Contents 1. Executive Summary i 2. Industry Analysis-Personal Products Industry 1 a. Introduction 1 b. Industry Defined 1 c. Historical Data Analysis 2 d. Major Competitors 3 e. Trends and Industry Outlook 3 f. Strategic Challenges and Opportunities 5 g. Industry Conclusions 5 3. Procter & Gamble and Unilever 6 a. Competitor Analysis: P&G 6 b. Competitor Analysis: Unilever 8 c. Strategy P&G 10 i. Business Level 10 ii. Global 11 iii. E-Business 13 iv. Corporate 14 d. Strategy: Unilever 15 i. Business Level 15 ii. Global 16 iii. E-business 17 iv. Corporate 19 e. Conclusions and Recommendations 20 4. Appendices 22 A. SIC Code 2844 and Industry Description 22 B. Global Personal Products Industry, Market Segmentation 24 C. Personal Products Industry, Five Force Analysis 25 D. Global Personal Products Industry, Market Share 30 E. Market Growth 31 F. Producer Price Index (PPI) for SIC 2844 32 G. -
Unilever Annual Report 1994
Annual Review 1994 And Summary Financial Statement English Version in Childers Unilever Contents Directors’ Report Summary Financial Statement 1 Financial Highlights 33 Introduction 2 Chairmen’s Statement 33 Dividends 4 Business Overview 33 Statement from the Auditors 12 Review of Operations 34 Summary Consolidated Accounts 26 Financial Review 29 Organisation 36 Additional Information 30 Directors & Advisory Directors Financial Highlights 1994 1993 % Change % Change at constant atwrrent a* cOnSt.3nf exchange rates exchange rates exchange rates Results (Fl. million) Turnover 82 590 83 641 77 626 6 8 Operating profit 7 012 7 107 5 397 30 32 Operating profit before excepttonal items 7 294 6 763 6 8 Exceptional items (187) (1 366) Profit on ordinary activities before taxation 6 634 6 700 5 367 24 25 Net profit 4 339 4 362 3 612 20 21 Net profit before exceptional items 4 372 4 406 4 271 -~mpy~21 E Key ratios Operating margin before exceptional items (%) 8.7 8.7 Net profit margin before exceptional items (%) 5.3 5.5 Return on capital employed (%) 16.7 15.7 Net gearing (%) 22.7 24.8 Net interest cover (times) 12.2 12.8 Combined earnings per share Guilders per Fl. 4 of ordinary capital 15.52 12.90 20 Pence per 5p of ordinary capital 83.59 69.45 20 Ordinary dividends Guilders per Fl. 4 of ordinary capital 6.19 5.88 5 Pence per 5p of ordinary capital 26.81 25.03 7 Fluctuations in exchange rates can have a significant effect on Unilever’s reported results. -
HUL Announces Key Appointments 26072013
HUL announces key appointments 26072013 26072013 : Mr Nitin Paranjpe, currently the Managing Director and Chief Executive Officer of HUL will be joining the Unilever Leadership Executive (ULE), taking on the role of President, Home Care. Mr. Sanjiv Mehta, currently Chairman, North Africa & Middle East (NAME), Unilever, has been appointed as the Managing Director and Chief Executive Officer of the Company in place of Mr. Nitin Paranjpe with effect from October 1, 2013. The appointment has been approved by the Board of Directors of HUL and will be subject to approval of the company’s shareholders. He will also be responsible for South Asia cluster which includes India, Pakistan, Sri Lanka, Bangladesh and Nepal. Mr Harish Manwani, Chairman, HUL, said, “The changes reflect our strong commitment towards leadership development and our tradition of leveraging experiences and synergies of talent across markets. I wish to take the opportunity to express my deep appreciation for the significant contribution that Nitin made to the business in India and his leadership in driving the growth agenda. I would like to congratulate him on his richly deserved elevation to the ULE.” “I am pleased to welcome Sanjiv to his new role. Sanjiv brings with him rich experience of successfully leading businesses across developing and emerging markets. I am confident that he will further build on the growth momentum and drive the company’s agenda of competitive, consistent, profitable and responsible growth.” About Hindustan Unilever Limited Hindustan Unilever Limited (HUL) is India's largest Fast Moving Consumer Goods company touching the lives of two out of three Indians. -
Annual Report 2011-12
ANNUAL REPORT 2011-12 Creating a better future every day HINDUSTAN UNILEVER LIMITED Registered Office: Unilever House, B D Sawant Marg, Chakala, Andheri East, Mumbai 400099 Hindustan www.hul.co.in U nilever nilever L imited Annual Report 2011-12 AwARDS AND FELICITATIONS WINNING WITH BRANDS AND WINNING THROUGH CONTINUOUS SUSTAINABILITY OUR MISSION INNOVATION IMPROVEMENT HUL has won the Asian Centre for Six of our brands (Lux, Lifebuoy, Closeup, HUL was awarded the FMCG Supply Corporate Governance and Sustainability Fair & Lovely, Clinic Plus and Sunsilk) Chain Excellence Award at the 5th Awards in the category ‘Company with the featured in Top 15 list in Brand Equity’s Express, Logistics & Supply Chain Awards Best CSR and Sustainability Practices.’ WE WORK TO CREATE A BETTER FUTURE Most Trusted Brands Survey. endorsed by The Economic Times along Our instant Tea Factory, Etah bagged the with the Business India Group. EVERY DAY. Hindustan Unilever Limited (HUL) was second prize in tea category for Energy awarded the CNBC AWAAZ Storyboard Doomdooma factory won the Gold Award Conservation from Ministry of Power, We help people feel good, look good and get more out Consumer Awards 2011 in three in the Process Sector, Large Business Govt. of India. categories. category at The Economic Times India HUL won the prestigious ‘Golden Peacock Manufacturing Excellence Awards 2011. of life with brands and services that are good for them • FMCG Company of the Year Global Award for Corporate Social and good for others. • The Most Consumer Conscious Responsibility’ for the year 2011. Company of the Year WINNING WITH PEOPLE HUL’s Andheri campus received • The Digital Marketer of the Year We will inspire people to take small, everyday actions HUL was ranked the No.1 Employer of certification of LEED India Gold in ‘New HUL won the ‘Golden Peacock Innovative Choice for students in the annual Nielsen Construction’ category, by Indian Green that can add up to a big difference for the world. -
Unilever Presentation at CAGNY – Restoring Competitiveness and Growth Patrick Cescau and Rudy Markham 21St February 2006
Unilever Presentation at CAGNY – Restoring Competitiveness and Growth Patrick Cescau and Rudy Markham 21st February 2006 Patrick Cescau Slide 0 - Restoring competitiveness and growth Welcome everyone. For those of you who were able to join us at the reception last night, I hope you enjoyed the little taste of Unilever we were delighted to share with you. Rudy Markham, our CFO, and I will present for around 45 minutes and then we will take questions in the break-out afterwards. Slide 1 - Safe harbour First let’s start as always with the safe harbour statement. As usual, I’d like to point out that this discussion is subject to the usual disclaimer relating to forward looking statements and non-GAAP measures. This disclaimer is included here and will be posted with the text of this presentation on Unilever’s web-site. Slide 2 - Introducing Unilever Now onto a brief reminder of who Unilever is. Slide 3 - Brands people love Unilever brands help people to look good, feel good and get more out of life - 150 million times a day, in 150 countries. One in every two households in the world has a Unilever brand in their home. Slide 4 - Powerful category positions and global brands We have around 400 brands – including 12 one-billion Euro brands – and leading positions in Foods, Home Care and Personal Care categories. Slide 5 - Global reach and scale Unilever is a truly global company - the third largest consumer goods company in the world. Our turnover was €40 billion Euros – almost $50 billion dollars - in 2005, with well-balanced sales across the three main regions of the world. -
1 First Quarter Results 2008 Key Financials
FIRST QUARTER RESULTS 2008 KEY FINANCIALS (unaudited) € million First Quarter 2008 Increase/(Decrease) Current Current Constant rates rates rates Turnover 9 571 0 % 6 % Operating profit 1 815 39 % 46 % Pre-tax profit 1 782 34 % 39 % Net profit 1 407 34 % 39 % EPS (Euros) 0.47 35 % 39 % A STRONG START TO THE YEAR Financial Highlights • Underlying sales growth of 7.2%. • Operating margin of 19.0%, including €517 million disposal profits. Underlying improvement in operating margin of 0.3 percentage points before restructuring and disposals. • Earnings per share up 35%, boosted by the disposal profits. Operational Highlights • Broad-based growth across regions and categories, with Developing and Emerging markets particularly strong. • Increasing contribution from pricing, up 4.8%, in response to rising commodity costs. • Further progress with accelerated restructuring plan including the start-up of three multi-country organisations in Europe and steps to increase supply chain productivity. • Sale of Boursin and extension of the Pepsi/Lipton JV completed in the first quarter. Acquisition of Inmarko, the leading Russian ice cream company, completed in April. GROUP CHIEF EXECUTIVE COMMENT “We have had a good start to the year, with strong organic growth across our categories and an underlying improvement in operating margin. We continue to invest behind our brands, while taking the necessary pricing action to recover a sharp increase in commodity costs. We have a strong innovation programme for 2008, with many important initiatives already in the market. We expect our productivity and value improvement initiatives to continue to deliver excellent results. The disciplined execution of our strategy, together with the combined advantage of strong brands, a product range serving consumer’s everyday needs and our broad geographical footprint, leave us well placed to deliver competitive growth with an underlying improvement in operating margin in 2008, despite challenging conditions. -
Disclaimer Notes to the Annual Report and Accounts This PDF
Disclaimer Notes to the Annual Report and Accounts This PDF version of the Unilever Annual Report and Accounts 2005 is an exact copy of the document provided to Unilever’s shareholders. Certain sections of the Unilever Annual Report and Accounts 2005 have been audited. Sections that have been audited are set out on pages 78 to 151, 157 to 172 and 174 to 177. The auditable part of the report of the Remuneration Committee as set out on page 69 has also been audited. The maintenance and integrity of the Unilever website is the responsibility of the Directors; the work carried out by the auditors does not involve consideration of these matters. Accordingly, the auditors accept no responsibility for any changes that may have occurred to the financial statements since they were initially placed on the website. Legislation in the United Kingdom and the Netherlands governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions. Disclaimer Except where you are a shareholder, this material is provided for information purposes only and is not, in particular, intended to confer any legal rights on you. This Annual Report and Accounts does not constitute an invitation to invest in Unilever shares. Any decisions you make in reliance on this information are solely your responsibility. The information is given as of the dates specified, is not updated, and any forward-looking statements are made subject to the reservations specified on page 4 of the Report. Unilever accepts no responsibility for any information on other websites that may be accessed from this site by hyperlinks. -
The Innovation Death Spiral How Companies Get Stuck Throwing Good Money After Bad Ideas—And What That Mistake Is Costing Them Table of Contents
The Innovation Death Spiral How Companies Get Stuck Throwing Good Money After Bad Ideas—and What that Mistake Is Costing Them Table of contents Introduction 2 The Three Principal Kinds of Innovation 3 Understanding the Innovation Dealth 5 Spiral The Unilever Example 8 The Path out of the Innovation Spiral 11 into Successful Innovation The Innovation Engine 13 Conclusion 14 Far too many companies are now finding the downward spiral. Moreover, once exciting innovation. It is now clear themselves trapped in a phenomenon the company is perceived as less than that the gap between these two we will refer to as the “innovation innovative, it suffers both strategically kinds of companies—the ‘innovation death spiral.” The spiral begins when and operationally. For companies challenged’ and the ‘innovation a company’s new products, developed caught in this spiral, increasing savvy’—is inexorably widening. and launched with high hopes, end innovation budgets only make things up yielding only disappointing results. worse by putting more non-differentiating For companies in the first category Nonetheless, once those products are products out into the market. to break out of the innovation death out in the field, they soak up valuable spiral, it is essential to understand very resources, including manufacturing Meanwhile, in contrast, companies that clearly what is going on, and then to and purchasing capacity, marketing take a bolder, more balanced, and more make critical interventions and radical budgets, warehouse space, back office far-sighted approach to innovation are changes in the way the company operates. systems and management attention. on the opposite trajectory: becoming So the company has fewer resources a high-performing organization. -
The Formation of Unilever 16944-Unilever 20Pp A5:Layout 1 15/11/11 14:35 Page 2
16944-Unilever 20pp A5:Layout 1 15/11/11 14:35 Page 1 The Formation of Unilever 16944-Unilever 20pp A5:Layout 1 15/11/11 14:35 Page 2 Unilever House, London, c1930 16944-Unilever 20pp A5:Layout 1 15/11/11 14:36 Page 03 In September 1929 an agreement was signed which created what The Economist described as "one of the biggest industrial amalgamations in European history". It provided for the merger in the following year of the Margarine Union and Lever Brothers Limited. The Margarine Union had been formed in 1927 by the Van den Bergh and Jurgens companies based in the Netherlands, and was later joined by a number of other Dutch and central European companies. Its main strength lay in Europe, especially Germany and the UK and its interests, whilst mostly in margarine and other edible fats, were also oil milling and animal feeds, retail companies and some soap production. Lever Brothers Limited was based in the UK but owned companies throughout the world, especially in Europe, the United States and the British Dominions. Its interests were in soap, toilet preparations, food (including some margarine), oil milling and animal feeds, plantations and African trading. One of the main reasons for the merger was competition for raw materials - animal and vegetable oils - used in both the manufacture of margarine and soap. However, the two businesses were very similar, so it made sense to merge as Unilever rather than continue to compete for the same raw materials and in the same markets. To understand how Unilever came into being you have to go back to the family companies that were instrumental in its formation. -
Sustainable Development Report 2007: Introduction & Our
Sustainable Development Report 2007: Introduction & Our business and impacts Introduction and Our business & impacts Welcome to Unilever's Sustainable Development Report 2007 where we set out our approach and performance on the sustainability issues facing our business. Contents Patrick Cescau’s introduction .................................................................2 About this report..................................................................................4 Assurance ..................................................................................5 Our business & impacts.........................................................................6 Our impacts ...............................................................................8 Our brands in society.................................................................11 Our values & strategy .........................................................................14 Our values ...............................................................................15 Strategy & governance...............................................................17 Governance..............................................................................22 Engaging with stakeholders ........................................................25 Measurement............................................................................32 Reporting.................................................................................33 Unilever Basis of Reporting 2007 .................................................36 -
Statement on the Implementation of Unilever's Remuneration Policy For
Unilever PLC Unilever N.V. Unilever House PO Box 760 100 Victoria Embankment 3000 DK Rotterdam London EC4Y 0DY The Netherlands T: +44 (0)20 7822 5252 Weena 455 F: +44 (0)20 7822 5951/5898 3013 AL Rotterdam www.unilever.com T: +31 (0)10 217 4000 F: +31 (0)10 217 4798 www.unilever.com 11 February 2020 Dear Investor, I am writing to you as Chair of Unilever’s Compensation Committee to set out our approach for implementing our Directors’ Remuneration Policy in 2020, following engagement with shareholders and proxy voting agencies in the last few months. I would like to thank those investors who have given their time and input during this consultation process as it is important for us to hear your views on our proposals before the AGMs. At our AGMs last year I was pleased to see the high levels of support we received from investors for the Compensation Committee’s implementation of our remuneration policy (PLC 95.62% and NV 96.92%). We have the objective to maintain strong levels of support at our 2020 AGMs as well, so I encourage you to get in touch if you would like to meet or speak with me to discuss our Executive Directors’ pay ahead of the AGM. At the bottom of this letter I indicate the key contacts for this purpose. Following my meetings with shareholders and proxy agencies, the Compensation Committee has met to review our shareholders and proxy agencies’ feedback and resolve on our proposals for 2020. As a reminder, the guiding principles for Unilever’s Directors’ Remuneration Policy are to ensure it is simple, transparent and aligned -
Unilever PLC Prospectus
This document comprises a prospectus (the “Prospectus”) relating to Unilever PLC (the “Company”) prepared in accordance with the Prospectus Regulation Rules of the Financial Conduct Authority (the “FCA”) made under section 73A of the Financial Services and Markets Act 2000 (as amended) (the “FSMA”). The Prospectus has been filed with, and approved by, the FCA and has been made available to the public in accordance with Rule 3.2 of the Prospectus Regulation Rules. Certain terms used in this Prospectus, including all capitalised terms and certain technical and other terms, are defined and explained in Part XIII: “Definitions”. This Prospectus has been approved by the FCA, as competent authority under Regulation (EU) 2017/1129. The FCA only approves this Prospectus as meeting the standards of completeness, comprehensibility and consistency imposed by Regulation (EU) 2017/1129; such approval should not be considered as an endorsement of the Company that is, or the quality of the securities that are, the subject of this Prospectus. Investors should make their own assessment as to the suitability of investing in the securities. Unilever PLC has requested the FCA to notify its approval in accordance with article 25 of the Prospectus Regulation to the competent authority in the Netherlands, the Dutch Authority for the Financial Markets (Stichting Autoriteit Financiële Markten, “the AFM”), with a certificate of approval attesting that this Prospectus has been prepared in accordance with the Prospectus Regulation. This Prospectus has been prepared in order to provide details of the PLC Shares, including the New PLC Shares to be issued and allotted, pursuant to Unification, on the assumption that Unification will become effective as proposed.