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    Victoria Petrova

    Managing Director and Senior Analyst at Bank of America

    Victoria Petrova is a Managing Director and Senior Analyst at Bank of America, specializing in coverage of the European oil and gas sector with a focus on leading energy companies including BP, Shell, TotalEnergies, and ENI. Known for her in-depth sector research and robust investment recommendations, she is recognized for her strong track record in forecasting sector trends and stock performance, including high rankings in Extel and Institutional Investor surveys. Petrova began her career in equity research in the early 2000s, previously holding research positions at Renaissance Capital and Troika Dialog before joining Bank of America in 2013. She holds relevant professional credentials including FCA registration and has received industry accolades for her analytical contributions to energy markets.

    Victoria Petrova's questions to UNILEVER (UL) leadership

    Victoria Petrova's questions to UNILEVER (UL) leadership • H1 2025

    Question

    Victoria Petrova of Bank of America asked if Unilever still targets hard currency EPS growth for 2025 and sought clarification on the differing Return on Invested Capital (ROIC) figures for Unilever ex-ice cream and the standalone ice cream business.

    Answer

    Acting CFO Srinivas Phatak confirmed that hard currency EPS growth remains a strategic priority and is the aim for 2025, barring further currency deterioration. He explained the ROIC discrepancy as a technical accounting matter related to goodwill allocation, assuring that from an economic perspective, Unilever's ROIC improves by about 100 basis points post-demerger.

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