| CATEGORY: NEWS AND ANNOUNCEMENTS SECTOR: HOUSEHOLD GOODS & HOME CONSTRUCTION |
Reckitt Benckiser reiterates 2009 guidance |
|
Tue 28 Apr 2009
|
LONDON (SHARECAST) - Household products firm Reckitt Benckiser reiterated its guidance for 2009 as it posted a rise in first quarter revenues and operating profit.
The group said first quarter net revenue increased +27% to £1,911m, with growth of 8% at constant exchange. Operating profit rose 47%, or 20% on constant currency terms, to £405m.
“While Reckitt Benckiser has had a positive start to the year, the market backdrop clearly remains challenging. As a result, the group re-iterates its targets for 2009, being net revenue growth of +4% (base £6,563m) and net income growth of +8-10% (base £1,143m), both at constant exchange,” it said.
Net debt of £693m is £403m lower than the 31 December 2008 level as a result of strong free cash flow generation.
In the first quarter, in Europe net revenue increased 2% to £918m, with growth driven particularly by Dishwashing, Home Care and Health & Personal Care.
North America & Australia net revenue rose 9% to £522m Developing Markets increased 15% and Pharmaceuticals increased 6% of net revenue.
Total net revenue for the its Subutex and Suboxone prescription drug business grew +37% to £111m.
|
|
| |
|
 |
Archived Stories |
 |
|
Front Page Stories |
|
|
