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Reckitt Benckiser Gp 1st Quarter Results

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idpickering
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Reckitt Benckiser Gp 1st Quarter Results

#407535

Postby idpickering » April 28th, 2021, 7:29 am

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Highlights:

* Group like-for-like ('LFL') net revenue growth of +4.1%: driven by a focus on execution, continued investment and strong demand for our brands

* Hygiene LFL growth of +28.5%: led by very strong demand and white space expansion for Lysol, with double-digit growth in Finish, Air Wick and across most regions

Health LFL decline of -13.0%: lower demand for cold and flu relief products, and reflecting significant pantry loading in Q1 2020; strong growth in sexual wellbeing and Gaviscon

* Nutrition LFL decline of -7.4%: reflecting US IFCN pantry loading in the comparative period, and ongoing difficult market conditions in Greater China, particularly Hong Kong

* Continued successful execution against our four growth drivers: increased penetration, market share gains, new places and new spaces

* eCommerce: sales increased by 24%, to 13% of Group net revenue, as result of increased investment

* China IFCN: strategic review is progressing well; an update will be provided when appropriate

* New corporate brand launched, building on Reckitt's 200-year heritage

* 2030 Sustainability road map released: targets include a 50% reduction in our carbon footprint and 50% of net revenue from more sustainable products by 2030, backed by £1bn investment over the next ten years


https://www.investegate.co.uk/reckitt-b ... 00037865W/

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