欧洲食品与HPC Nielsen数据：截至6月15日的4周表现

. FL share gains continue at 119bps.ng the status of non-US analysts on pa David Hayes * I Equity Analyst+44 (0)20 7029 8230 I david.hayes@jefferies.conMolly Wylenzek * IEquity Analyst44 (0) 20 7029 85641mwylenzek@jefferies.comFeng Zhang * I Equity Associate+44 (0) 20 7029 8491 I feng.zhang@jefferies.comThomas Randall* I Equity Associate+44 (0)20 7029 8440 I trandall@jefferies.comes 13 - 18 of this report. Food & HPCEquity ResearchJuly11,2025 JefferiesExhibit 1 - Category and company snapshotTotal YogurtDanonePrivate LabelYogurt DrinkMarketDanonePrivate LabelMarketDanonePrivate LabelIce CreamMarketUnileverNestlePrivate LabelCoffeeMarketJDEPNestlePrivate LabelCosmeticsMarketL'orealPrivate LabelSkin CareMarketL'orealBeiersdorfPrivate LabelDeodorantMarketUnileverBeiersdorfPrivate LabelLaundryMarketDetergentHenkelUnileverPrivate LabelToilet PaperMarketEssityPrivate LabelToothpasteMarketHaleonColgateSource: NielsenlQ; JefferiesPlease see important disclosure information on pages 13 - 18 of this report.This report is intended for Jefferies clients only. Unauthorized distri JefferiesExhibit 2 - Cosmetics Nielsen trendsSales growth y/y - L'Oreal Europe20%15%Volumesdqo860bps40bpssdq0zObps-20bps-40bps60bps222忆忆忆忆忆忆忆忆忆Sales growth vs Peers20.0%15.0%10.0%5.0%0.0%-5.0%-10.0%MarketSource: Nielsen IQ, JefferiesPlease see important disclosure information on pages 13 - 18 of this report.efferies clients only. Unal JefferiesExhibit 3 - Deodorant Nielsen trendsDeodorant Sales growth y/y - Unilever Europe30%25%MMMMM20%15%10%5%0%-5%-10%-15%VolumeDeodrant Sales growth y/y - Beiersdorf Europe%025%20%15%10%5%0%-5%-10%-15%I VolumePrivate Label market share y/y - Europe120bps100bps80bps60bps40bps20bpsObps-20bpsSales growth vs Peers40%35%%025%20%15%10%5%0%5%Please see important disclosure information on pages 13 -18 of this report. JefferiesExhibit 4 - Drinking Yoghurt Nielsen trendsYoghurt Drinks Sales growth y/y - Danone Europe20%15%MMM2222VolumePrivate Label market share y/y - Europe150bps100bps50bpsObps-50bps-100bps150bpsSales growth vs Peers20%15%MarketSource: NielsenlQ ESP, Jefferies analysisPlease see important disclosure information on pages 13 - 18 of this report JefferiesExhibit 5 - Skin Care Nielsen trendsSkin Care Sales growth y/y - L'Oreal Europe30%25%20%15%10%5%-5%VolumeSkin Care Sales growth y/y - Beiersdorf Europe20%15%10%5%0%-10%-15%VolumePrivate Label market share y/y - Europe40bps30bps20bps10bp:Obps-10bps20bps30bpsSalesgrowthvsPe30%25%20%15%10%5%Please see important disclosure information on pages 13 -18 of this report. JefferiesExhibit 6 - Ice Cream Nielsen trendsIce Cream Sales growth y/y - Unilever Europe40%%020%10%0%-10%-20%-30%40%VolumePrivate Label market share y/y - Europe600bps500bps400bpssdqoo200bps100bpsObps-100bps-200bpssdqooe--400bpsSales growth vs Peers60%50%40%%020%10%0%10%-20%%0E-40%MarketSource: NielsenlQ ESP, Jefferies analysisPlease see important disclosure information on pages 13 - 18 of this report.efferies clients only. Unau JefferiesExhibit 7 - Yoghurt Nielsen trendsYoghurt Sales growth y/y - Danone Europe14%12%10%8%0%2%4%69VolumePrivate Label market share y/y - Europe350bpssdqoo250bps200bps150bps100bps50bpsObpsSalesgrowthvsPeers35%%025%20%15%10%5%0%5%MarketSource: NielsenlQ ESP, Jefferies analysisPlease see important disclosure information on pages 13 - 18 of this report. JefferiesExhibit 8 - Laundry Care Nielsen trendsLaundry Detergent Sales growth y/y - Henkel Europe25%20%15%-15%20%-25%VolumeLaundry Detergent Sales growth y/y - Unilever Europe35%15%-10%15%VolumePrivate Label market share y/y - Europe250bps200bps150bps100bps50bpsObps-50bps100bps-150bps200bpsSalesgrowth vs Peers-10%-15%20%ce: Nielsen IQ, JefferiesPlease see important disclosure information on pages 13 - 18 of this report. JefferiesExhibit 9 - Toilet Paper Nielsen trendsToilet Paper Sales growth y/y - Essity Europe15%10%5%0%5%-10%15%20%VolumePrice/mixPrivate Label market share y/y - Europe200bps150bps100bps50bpsObps-50bps-100bps-150bpsSales growth vs Peers25%20%15%10%5%%0-5%-10%-15%MarketPlease see important disclosure information on pages 13 - 18 of this reportefferies clients only. Una JefferiesExhibit 10 - Toothpaste Nielsen trendsToothpaste Sales growth y/y - Haleon Europe20%M-5%10%VolumeColgate Europea250bps200bps150bps100bps50bpsObps-50bpsSales growth vs Peers18%16%14%12%10%8%6%4%0%VolumegrowthHLNvsColgateSource: NielsenlQ ESP, Jefferies analysisPlease see important disclosure information on pages 13 - 18 of this report. JefferiesCompany Valuation/RisksFor Important Disclosure information on companies recommended in this report, please visit our website at https://javatar.bluematrix.com/sellside/Disclosures.action or call 212.284.2300Analyst Certification:company(ies). T also certify tnat no part of my compensation was, is, or will be, directly or indirectly, related to the specific recommendations or views, Molly Wylenzek, certify that all of the views expressed in this research report accurately reflect my