Reckitt Benckiser Says on Track for 2018 Targets After 3Q
30 October 2018 - 6:51PM
Dow Jones News
By Adria Calatayud
Reckitt Benckiser Group PLC (RB.LN) said Tuesday that it is on
track to meet full-year targets after a 2% rise in like-for-like
revenue in the third quarter.
The consumer-goods company said total revenue fell 2% to 3.12
billion pounds ($4.0 billion) compared with the same period a year
earlier.
The company behind brands such as Dettol, Durex and Cillit Bang
said its third-quarter performance was hit by a temporary
manufacturing disruption at its European Infant Formula and Child
Nutrition plant. This weighed on sales to a number of markets, but
the issue was resolved before the end of the period, Reckitt said.
The company anticipates a "residual impact" in the fourth quarter
and into 2019, it said.
Reckitt said it has sufficient momentum to absorb this
manufacturing disruption fallout and reiterated its 2018 target of
total net revenue growth at constant rates of 14% to 15%, and
like-for-like revenue growth at the upper end of the 2% to 3%
guidance range.
Write to Adria Calatayud at
adria.calatayudvaello@dowjones.com
(END) Dow Jones Newswires
October 30, 2018 03:36 ET (07:36 GMT)
Copyright (c) 2018 Dow Jones & Company, Inc.
Reckitt Benckiser (LSE:RKT)
Historical Stock Chart
From May 2024 to May 2024
Reckitt Benckiser (LSE:RKT)
Historical Stock Chart
From May 2023 to May 2024