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Segment Information - Divisions
6 Months Ended
Jun. 30, 2021
Text Block [Abstract]  
Segment Information
3    SEGMENT INFORMATION – DIVISIONS
 
First Half
   Beauty &
Personal
Care
     Home
Care
     Foods &
Refreshment
     Total  
Turnover
(€ million)
                                   
2020
     10,610        5,328        9,776        25,714  
2021
     10,407        5,182        10,202        25,791  
Change (%)
     (1.9      (2.7      4.4        0.3  
Impact of:
                                   
Acquisitions (%)
     2.2        —          1.6        1.5  
Disposals (%)
     —          (0.2      (0.2      (0.1
Currency-related items (%), of which:
     (7.1      (6.8      (4.8      (6.1
Exchange rates changes (%)
     (7.3      (6.9      (5.0      (6.3
Extreme price growth in hyperinflationary markets* (%)
     0.2        0.2        0.2        0.2  
         
Underlying sales growth
(%)
  
 
3.3
 
  
 
4.5
 
  
 
8.1
 
  
 
5.4
 
    
 
 
    
 
 
    
 
 
    
 
 
 
Price
*
(%)
     1.4        (0.3      2.1        1.3  
Volume (%)
     1.8        4.8        5.8        4.0  
    
 
 
    
 
 
    
 
 
    
 
 
 
         
Operating profit
(€ million)
                                   
2020
     2,403        744        1,525        4,672  
2021
     2,089        655        1,682        4,426  
         
Underlying operating profit
(€ million)
                                   
2020
     2,495        817        1,772        5,084  
2021
     2,215        727        1,905        4,847  
         
Operating margin
(%)
                                   
2020
     22.6        14.0        15.6        18.2  
2021
     20.1        12.6        16.5        17.2  
         
Underlying operating margin
(%)
                                   
2020
     23.5        15.3        18.1        19.8  
2021
     21.3        14.0        18.7        18.8  
    
 
 
    
 
 
    
 
 
    
 
 
 
 
*
Underlying price growth in excess of 26% per year in hyperinflationary economies has been excluded when calculating the price growth in the tables above, and an equal and opposite amount is shown as extreme price growth in hyperinflationary markets.
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.