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Reckitt Benckiser Full Year Results.

Practical discussions about equity High-Yield Portfolios (HYP) for income
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idpickering
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Reckitt Benckiser Full Year Results.

#202004

Postby idpickering » February 18th, 2019, 7:07 am

Highlights

· Pro-forma and LFL growth in 2018 of +3%. +2% from volume and +1% from price / mix on a pro-forma basis. Growth was broad-based and innovation-led across both Business Units (BUs). Strong progress in e-commerce channels, contributing to 9% of the Health BU's net revenue.

· Balanced LFL growth in Q4 of +4%. In both Health and Hygiene Home, LFL growth was +4% - reflecting further progress in Health, and continued strong momentum in Hygiene Home.

· The RB2.0 operating structure is delivering and work to create two structurally independent business units remains on track for mid-2020.

· Accelerated delivery of MJN synergies. In-year synergies of £158m ($211m) delivered. We remain on track to achieve our increased synergy target of $300m.

· Adjusted operating margin was 26.7%. +20bps on a pro-forma basis and a decline of -60bps on a reported basis.

· Adjusted diluted EPS was 339.9p, benefitting by 10p from the resolution of various tax matters.

· The Board recommends a final dividend of 100.2p per share (2017: 97.7p), an increase of +3%. Total dividend for 2018 of 170.7p (2017: 164.3p), an increase of +4%.

· Free cash flow generation of £2,029m (2017: £2,129m), reflecting strong cash conversion.

· 2019 LFL net revenue growth targeted at +3-4%. Adjusted operating margin expected to be maintained in 2019.


https://www.investegate.co.uk/reckitt-b ... 00062873Q/

Arborbridge
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Re: Reckitt Benckiser Full Year Results.

#202007

Postby Arborbridge » February 18th, 2019, 7:31 am

idpickering wrote:


· The Board recommends a final dividend of 100.2p per share (2017: 97.7p), an increase of +3%. Total dividend for 2018 of 170.7p (2017: 164.3p), an increase of +4%.



Thanks Ian. Despite the rpice being in the doldrums, a yield of around 2.8% is hardly going to get us racing to buy.
OT for the board, but apart from sentiment, there's no rational reason to buy a single share when you could buy many in an IT giving greater income - if it's income one wants.


Arb.

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Promoting ITs is off topic for this board. Please keep to the script. Thank you. Raptor.

idpickering
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Re: Reckitt Benckiser Full Year Results.

#202009

Postby idpickering » February 18th, 2019, 7:32 am

I get that RB. can hardly be called a high yield share currently, but they have been. I have held in the past, but no more. They are a quality outfit though.

Ian.

idpickering
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Re: Reckitt Benckiser Full Year Results.

#202013

Postby idpickering » February 18th, 2019, 8:04 am

RB. up 4% on market opening, so a nice bonus for any holders around here. I suspect there might be a few.

Ian.

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Re: Reckitt Benckiser Full Year Results.

#202100

Postby idpickering » February 18th, 2019, 1:35 pm

This from TMF;

Here’s why the Reckitt Benckiser share price is flying today

Shares in consumer goods and healthcare group Reckitt Benckiser Group (LSE: RB) got off to a flying start on Monday morning, after it reported a stronger performance than expected for 2018.

A strong performance

Reckitt’s sales from continuing operations rose by 15% to £12,597m last year, excluding the impact of exchange rates. This strong performance included a 3% increase in like-for-like sales and a strong contribution from the Mead Johnson infant formula business, which it acquired in mid-2017.

Profits were boosted by $158m of cost savings and the group’s adjusted net profit rose by 11% to $2,410m. Adjusted earnings were up 7%, at 339.9p per share. Reckitt’s adjusted operating profit margin fell by 0.6% to 26.7%, a figure the company expects to maintain in 2019.

https://www.fool.co.uk/investing/2019/0 ... ing-today/

ADrunkenMarcus
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Re: Reckitt Benckiser Full Year Results.

#202112

Postby ADrunkenMarcus » February 18th, 2019, 2:39 pm

idpickering wrote:I get that RB. can hardly be called a high yield share currently, but they have been.


One to pick up when there's a decent yield on offer, like Diageo or Unilever. I've held since 2011.

Best wishes

Mark.

idpickering
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Re: Reckitt Benckiser Full Year Results.

#202155

Postby idpickering » February 18th, 2019, 5:03 pm

ADrunkenMarcus wrote:
idpickering wrote:I get that RB. can hardly be called a high yield share currently, but they have been.


One to pick up when there's a decent yield on offer, like Diageo or Unilever. I've held since 2011.

Best wishes

Mark.


I couldn't agree more ADrunkenMarcus. They are a fine company IMHO.

Regards,

Ian.


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