Reckitt Benckiser: results in line with expectations

(CercleFinance.com) - On Wednesday British consumer goods group Reckitt Benckiser reported that its quarterly results were broadly in line with expectations.


The owner of the Airwick, Calgon, Clearasil and Destop brands, amongst other household names, this morning announced a 10.2% LFL increase in sales in Q4.

Like-for-like sales of hygiene products - such as Lysol and Dettol disinfectants - which account for the bulk of the business - jumped 25.7% over the quarter.

The maker of mass market consumer products - which said that it expects LFL sales growth of between 0% and 2% this year - announced the divestment of its Scholl foot care brand to Yellow Wood Partners, which already owned the Dr. Scholl's brand.

The group also reported the acquisition of Biofreeze, a topical analgesic that benefits from double-digit sales growth in the US.


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