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Performance highlights ( unaudited ) First Half Underlying sales growth ( USG ) Underlying operating margin Underlying earnings per share Unilever 2021 FIRST HALF YEAR RESULTS Underlying performance ● Second Quarter USG Quarterly dividend payable in September 2021 ● vs 2020 5.4 % 18.8 % ( 100 ) bps € 1.33 ( 2.0 ) % 5.0 % GAAP measures Turnover Operating margin Diluted earnings per share Turnover € 25.8bn 17.2 % € 1.19 vs 2020 € 13.5bn First half highlights Underlying sales growth of 5.4 % , with 4.0 % volume and 1.3 % price . Price growth stepped up in Q2 Turnover increased 0.3 % including a positive impact of 1.4 % from acquisitions net of disposals and negative impact of 6.1 % from currency related items Alan Jope : Chief Executive Officer statement 0.3 % ( 100 ) bps ( 5.0 ) % 1.2 % € 0.4268 per share Underlying operating margin of 18.8 % , a decrease of 100bps driven by investment behind our brands and input cost inflation Underlying earnings per share down 2.0 % , including a negative impact of 6.3 % from currency Free cash flow of € 2.4 billion , compared to € 2.9 billion in the first half of 2020 Quarterly shareholder dividend of € 0.4268 per share and share buyback programme of up to € 3 billion underway " Unilever has delivered a strong first half , with underlying sales growth of 5.4 % driven by our continued focus on operational excellence . We are making good progress against the strategic choices outlined earlier this year , including the development of our portfolio into high growth spaces . Prestige Beauty and Functional Nutrition grew strongly and we recently announced the acquisition of digitally - native skin care brand Paula's Choice . The operational separation of our Tea business is substantially complete . Our ecommerce business grew 50 % and the channel now represents 11 % of sales . Competitive growth is our priority , and we are confident that we will deliver underlying sales growth in 2021 well within our multi - year framework of 3-5 % , despite more challenging comparators in the second half . We have seen further cost inflation emerge through the second quarter . Cost volatility and the timing of landing price actions create a higher than normal range of likely year end margin outcomes . We are managing this dynamically and expect to maintain underlying operating margin for 2021 around flat . " 22 July 2021 Underlying sales growth ( USG ) , underlying volume growth ( UVG ) , underlying price growth ( UPG ) , underlying operating profit ( UOP ) , underlying operating margin ( UOM ) , underlying earnings per share ( underlying EPS ) , constant underlying EPS , underlying effective tax rate , free cash fbw ( FCF ) and net debtare non - GAAP measures ( see pages 6 to 9 )