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Segment Information - Divisions
6 Months Ended
Jun. 30, 2019
Text block [abstract]  
Segment Information - Divisions

3 SEGMENT INFORMATION - DIVISIONS

 

First Half

   Beauty &
Personal
Care
     Home
Care
     Foods &
Refreshment
     Total  

Turnover ( million)

           

2018

     10,084        5,048        11,220        26,352  

2019

     10,721        5,410        9,995        26,126  

Change (%)

     6.3        7.2        (10.9      (0.9

Impact of:

           

Exchange rates(a) (%)

     2.2        (0.4      0.6        1.1  

Acquisitions (%)

     0.6        0.2        0.5        0.5  

Disposals (%)

     —          —          (13.0      (5.5

Underlying sales growth (%)

     3.3        7.4        1.3        3.3  
  

 

 

    

 

 

    

 

 

    

 

 

 

Price(a) (%)

     1.6        4.5        1.4        2.1  

Volume (%)

     1.7        2.8        (0.1      1.2  
  

 

 

    

 

 

    

 

 

    

 

 

 

Operating profit ( million)

           

2018(b)

     2,056        651        1,822        4,529  

2019

     2,322        652        1,615        4,589  

Underlying operating profit ( million)

           

2018(b)

     2,220        646        2,101        4,967  

2019

     2,469        756        1,829        5,054  

Operating margin (%)

           

2018(b)

     20.4        12.9        16.2        17.2  

2019

     21.7        12.1        16.2        17.6  

Underlying operating margin (%)

           

2018(b)

     22.0        12.8        18.7        18.8  

2019

     23.0        14.0        18.3        19.3  

 

(a)

Underlying price growth in Venezuela and Argentina has been excluded when calculating the price growth in the tables above, and an equal and opposite adjustment made in the calculation of exchange rate impact. See page 6 for further details.

(b)

Restated following adoption of IFRS 16. Refer note 1 and note 9.

Turnover growth is made up of distinct individual growth components namely underlying sales, currency impact, acquisitions and disposals. Turnover growth is arrived at by multiplying these individual components on a compounded basis as there is a currency impact on each of the other components. Accordingly, turnover growth is more than just the sum of the individual components.

Underlying operating profit represents our measure of segment profit or loss as it is the primary measure used for the purpose of making decisions about allocating resources and assessing performance of segments. Underlying operating margin is calculated as underlying operating profit divided by turnover.