Victoria Petrova's questions to Unilever PLC (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.