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Performance highlights Unilever UNILEVER TRADING STATEMENT FIRST QUARTER 2021 Underlying performance GAAP measures Underlying sales growth ( USG ) Quarterly dividend payable in June 2021 vs 2020 5.7 % Turnover vs 2020 € 12.3bn ( 0.9 ) % € 0.4268 per share • Underlying sales growth of 5.7 % , with 4.7 % volume and 1.0 % price • Turnover decreased by 0.9 % , driven by a negative currency related impact of 8.0 % • Quarterly shareholder dividend of € 0.4268 per share and share buyback programme of up to € 3 billion to commence in May Alan Jope : Chief Executive Officer statement “ Unilever has made a good start to the year . Our focus on operational excellence , innovation , and purposeful brands is continuing to strengthen competitiveness and has delivered underlying sales growth of 5.7 % for the quarter . We are driving the evolution of our portfolio , with strong growth in Prestige Beauty and Functional Nutrition . The operational separation of our Tea business is on track . We are also making good progress in creating a new unit , Elida Beauty , comprising a number of our smaller beauty and personal care brands . We are confident that we will deliver underlying sales growth in 2021 within our multi - year framework of 3-5 % , with the first half around the top of this range . We expect to increase underlying operating margin slightly for the full year , though with a decline in the first half driven by Covid - 19 impacts , higher cost inflation and increased marketing spend over the prior year . Following another year of strong cash flow delivery , Unilever's Board has approved a share buyback programme of up to € 3 billion . We are committed to delivering superior long - term financial performance through our sustainable business model , which we believe has never been more relevant than it is today . " Underlying sales growth ( USG ) , underlying volume growth ( UVG ) and underlying price growth ( UPG ) are non - GAAP measures ( see page 7 ) 29 April 2021