Reckitt Benckiser: Q1 sales of £3737m

(CercleFinance.com) - Reckitt Benckiser has reported Q1 2024 net sales of £3737m, down 4.
6% on an IFRS basis (or +1.5% on a comparable basis).

In detail, the Hygiene segment grew by 1.1% (+7.1% on a comparable basis), the Health business declined by 6.4% (or +1% on a comparable basis) and the Nutrition division fell by 13.5% (or -9.9% on a comparable basis).

Net sales performance in the quarter was in line with management's expectations.

After a period of price-driven growth, we are now returning to a balanced contribution from price, mix and volume, it adds, pointing out that consumers are embracing high-end innovations.

In its outlook, the manufacturer of convenience goods targets 2024 LFL sales growth of 2% to 4% compared with 2023.


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