Reckitt Benckiser Group (RKT)

Sector:

Household Goods

Index:

FTSE 100

4,512.00p
   
  • Change Today:
      74.00p
  • 52 Week High: 6,570.00
  • 52 Week Low: 4,296.00
  • Currency: UK Pounds
  • Shares Issued: 708.46m
  • Volume: 1,920,314
  • Market Cap: £31,966m

Reckitt Benckiser LFL revenues up 5.6% in Q1

By Iain Gilbert

Date: Friday 29 Apr 2022

LONDON (ShareCast) - (Sharecast News) - Consumer goods company Reckitt Benckiser said on Friday that like-for-like revenues had grown in the first quarter of the trading year, driven by continued broad-based growth and market share momentum across all business units and geographies.
Reckitt Benckiser stated Q1 LFL revenues were up 5.6% at £3.42bn, with nutrition revenues up 20.4% at £557.0m and health revenues 20.6% higher at £1.4bn. Hygiene revenues, on the other hand, were down 9% at £1.46bn.

Net revenue growth of 6.2% was reported in Europe and Australia/New Zealand, while revenues slipped 4.7% in North America and 0.6% in emerging markets.

The FTSE 100-listed firm said following its "strong start to the year", it now expects LFL net revenue growth towards the upper end of guidance of 1-4% and also noted that despite "significant cost inflation", it anticipates adjusted operating margins to be in-line with the prior year and current market expectations.

Chief executive Laxman Narasimhan said: "We have made a strong start to the year across all our business units and geographies despite a challenging operating environment. Investments we have made in brand building, innovation, and execution, have resulted in broad-based market share gains. These, coupled with pricing and revenue management actions, stand us in good stead to maintain this positive momentum.

"Given our strong start, we expect to deliver LFL net revenue growth at the upper end of our guidance for the year. We expect adjusted operating margins to be in-line with both the prior year and current market expectations, whilst continuing to invest in the long-term growth of our brands."

As of 0905 BST, Reckitt Benckiser shares were up 1.87% at 6,324.0p.

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Reckitt Benckiser Market Data

Currency UK Pounds
Share Price 4,512.00p
Change Today 74.00p
% Change 1.67 %
52 Week High 6,570.00
52 Week Low 4,296.00
Volume 1,920,314
Shares Issued 708.46m
Market Cap £31,966m

Reckitt Benckiser Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
38.23% below the market average38.23% below the market average38.23% below the market average38.23% below the market average38.23% below the market average
41.67% below the sector average41.67% below the sector average41.67% below the sector average41.67% below the sector average41.67% below the sector average
Price Trend
46.06% below the market average46.06% below the market average46.06% below the market average46.06% below the market average46.06% below the market average
52% below the sector average52% below the sector average52% below the sector average52% below the sector average52% below the sector average
Income
49.81% above the market average49.81% above the market average49.81% above the market average49.81% above the market average49.81% above the market average
15.79% below the sector average15.79% below the sector average15.79% below the sector average15.79% below the sector average15.79% below the sector average
Growth
30.83% above the market average30.83% above the market average30.83% above the market average30.83% above the market average30.83% above the market average
38.46% above the sector average38.46% above the sector average38.46% above the sector average38.46% above the sector average38.46% above the sector average

What The Brokers Say

Strong Buy 4
Buy 5
Neutral 8
Sell 0
Strong Sell 2
Total 19
neutral
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

Reckitt Benckiser Dividends

  Latest Previous
  Final Interim
Ex-Div 11-Apr-24 03-Aug-23
Paid 24-May-24 15-Sep-23
Amount 115.90p 76.60p

Trades for 28-Mar-2024

Time Volume / Share Price
16:38 7,200 @ 4,509.67p
16:36 1,600 @ 4,512.00p
16:35 1,108,251 @ 4,512.00p
16:35 3,751 @ 4,512.00p
16:35 2,541 @ 4,512.00p

Reckitt Benckiser Key Personnel

Chair Christopher Sinclair
CEO Kris Licht

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