Unilever reports 2024 annual financial results

LONDON - Unilever PLC (LON:ULVR) has released its 2024 Annual Financial Report, which includes the company’s performance data and strategic updates. The documents, available on Unilever’s website, detail the financial outcomes for the year ended December 31, 2024, and have been submitted to both the UK’s National Storage Mechanism and the Dutch Authority for the Financial Markets.

The company’s unaudited full-year and fourth-quarter results, announced on February 13, 2025, were prepared in accordance with International Accounting Standards (IAS) 34. As part of its regulatory compliance, Unilever will also file its Form 20-F with the US Securities and Exchange Commission.

In the report, Unilever outlines its principal risks, including those that could affect the business in the short, medium, and long term. Key risks identified include the impact of business transformation initiatives, legal and regulatory challenges, and the evolving cyber threat landscape. The company has acknowledged an increased level of risk in these areas compared to the previous year.

Unilever’s report also touches on the potential risks and opportunities presented by the rapid advancements in generative AI. The company has established a task force to monitor and take responsible actions regarding this emerging risk.

The report provides insight into Unilever’s strategies for managing risks related to consumer preferences, portfolio management, climate change, plastic packaging, customer and channel dynamics, talent acquisition, business operations, product safety and quality, IT systems and information, and economic and political instability. It also discusses the company’s approach to treasury and tax matters, ethical conduct, and legal and regulatory compliance.

Unilever’s Directors’ Responsibility Statement confirms that the 2024 Annual Report and Accounts are fair, balanced, and understandable, providing necessary information for shareholders to assess the company’s position and performance. The financial statements comply with IFRS and UK-adopted international accounting standards, giving a true and fair view of the company’s financial situation.

The report includes a cautionary statement regarding forward-looking statements, which may involve risks and uncertainties that could cause actual results to differ materially from those projected. The company emphasizes that these statements are based on current expectations and assumptions, which may change over time.

This article is based on a press release statement from Unilever PLC.

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