Fulvio Cazzol's questions to Unilever PLC (UL) leadership • Q2 2024
Question
Fulvio Cazzol inquired about the gross margin development specifically for the Power Brands and asked for expectations regarding the European consumer, given recent strong performance in the region.
Answer
CEO Hein M. Schumacher attributed the strength in Europe to consumers responding well to significant innovations like Wonder Wash and new deodorant varieties. CFO Fernando Fernandez stated that the gross margin progression for Power Brands was similar to the rest of the portfolio, but reminded that Power Brands operate at a 400-500 basis point higher gross margin overall.