Investing for Growth

Our guidance is unchanged Unilever Expect FY 2022 USG above 8%, with more negative UVG than in the first nine months Increased investment in BMI, R&D and Capex FY 2022 UOM of 16% Estimated net material inflation of around €2bn in H1 2023 Expect to improve margin in 2023 and 2024 5

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