Unilever has virtually completed the spin-off of its tea division.

The food group has already indicated that it wants to privatize these activities and expects to complete this in October.

This is followed by a possible sale, partnership or perhaps an IPO.

The company reports this on Thursday with the publication of its quarterly figures.

The division that was spun off generated 2 billion euros in turnover last year.

Incidentally, the iced tea will remain with Unilever, as will the hot tea activities in India and Indonesia.

Unilever's total turnover in the first half amounted to 25.8 billion euros, which was 0.3 percent more than the same period last year.

For example, the company has sold more ice creams in recent months due to the relaxation for the catering industry.

However, European ice cream sales to the catering industry are still lower than before the corona crisis.

Unilever is suffering from higher raw material prices, putting pressure on its profit margin.

This concerns, for example, the costs for soybeans and palm oil, but also for packaging.

As a result, the company says its operating profit margin is likely to be similar to 2020's this year, compared to a slight increase previously expected.

In an explanation, financial director Graeme Pitkethly spoke of a strong first half of the year for the company.

However, the corona crisis continues to pose challenges due to new corona outbreaks.

Earlier this week it was announced that Ben & Jerry's, a part of Unilever, will stop selling its ice cream in Palestinian territory.

The company says it is not in line with the company's values ​​to sell its wares there.

Israeli Prime Minister Naftali Bennett warned Unilever CEO Alan Jope by telephone of "serious consequences". It is not clear exactly what consequences Israel wants to attach to the ice cream boycott.