Global. Reckitt Benckiser's third-quarter net revenue was $4.21Bln, 30% higher than last year.Reckitt Benckiser Q3 Revenues UP, LFL Sales Down; Sees Flat FY LFL Net Revenue 18 October 2017 RTT News UK Consumer goods giant Reckitt Benckiser plc (RBGLY, RB.L) reported Wednesday that its third-quarter net revenue was 3.21 billion pounds, 30 percent higher than last year. The results were benefited from positive FX impact and the acquisition of Mead Johnson Nutrition.On a like-for-like basis, net revenues declined 1 percent, affected by the impact of known issues and a continued challenging market environment.In the quarter, Health segment revenues climbed 83 percent, and Hygiene revenues grew 2 percent. Portfolio brands' revenues were up 18 percent. Meanwhile, Home revenues dropped 2 percent.Rakesh Kapoor, Chief Executive Officer, said, "Q3 was a soft quarter as we experienced both the tail end of known issues, and the impact of a continuing challenging market environment. Our underlying performance was in line with current market growth of around 2%.... Given these moving parts, we are now targeting flat full year LFL net revenue for the RB base business. MJN is progressing well against our reiterated H2 target of "-2% to flat."Further, the company said that it plans to combine the IFCN division with the health and some hygiene brands, to form the Health Business Unit. The home and other hygiene brands will form the Hygiene Home BU.Kapoor will be President of the RB Health Business Unit, in addition to his role as CEO of RB Group. RB Health will represent approximately 60% of group Net Revenue.Rob de Groot will be President of the Hygiene Home Business Unit, reporting to Kapoor, and will continue to sit on the Group Executive Committee.http://hogar.intelect.com.mx/notes/global-reckitt-benckisers-third-quarter-net-revenue-was-4-21bln-30-higher-than-last-yearhttp://hogar.intelect.com.mx/@@site-logo/logoAllen.png
Global. Reckitt Benckiser's third-quarter net revenue was $4.21Bln, 30% higher than last year.
Reckitt Benckiser Q3 Revenues UP, LFL Sales Down; Sees Flat FY LFL Net Revenue 18 October 2017 RTT News UK Consumer goods giant Reckitt Benckiser plc (RBGLY, RB.L) reported Wednesday that its third-quarter net revenue was 3.21 billion pounds, 30 percent higher than last year. The results were benefited from positive FX impact and the acquisition of Mead Johnson Nutrition.On a like-for-like basis, net revenues declined 1 percent, affected by the impact of known issues and a continued challenging market environment.In the quarter, Health segment revenues climbed 83 percent, and Hygiene revenues grew 2 percent. Portfolio brands' revenues were up 18 percent. Meanwhile, Home revenues dropped 2 percent.Rakesh Kapoor, Chief Executive Officer, said, "Q3 was a soft quarter as we experienced both the tail end of known issues, and the impact of a continuing challenging market environment. Our underlying performance was in line with current market growth of around 2%.... Given these moving parts, we are now targeting flat full year LFL net revenue for the RB base business. MJN is progressing well against our reiterated H2 target of "-2% to flat."Further, the company said that it plans to combine the IFCN division with the health and some hygiene brands, to form the Health Business Unit. The home and other hygiene brands will form the Hygiene Home BU.Kapoor will be President of the RB Health Business Unit, in addition to his role as CEO of RB Group. RB Health will represent approximately 60% of group Net Revenue.Rob de Groot will be President of the Hygiene Home Business Unit, reporting to Kapoor, and will continue to sit on the Group Executive Committee.
Reckitt Benckiser Q3 Revenues UP, LFL Sales Down; Sees Flat FY LFL Net Revenue
18 October 2017
RTT News
UK Consumer goods giant Reckitt Benckiser plc (RBGLY, RB.L) reported Wednesday that its third-quarter net revenue was 3.21 billion pounds, 30 percent higher than last year. The results were benefited from positive FX impact and the acquisition of Mead Johnson Nutrition.On a like-for-like basis, net revenues declined 1 percent, affected by the impact of known issues and a continued challenging market environment.In the quarter, Health segment revenues climbed 83 percent, and Hygiene revenues grew 2 percent. Portfolio brands' revenues were up 18 percent. Meanwhile, Home revenues dropped 2 percent.Rakesh Kapoor, Chief Executive Officer, said, "Q3 was a soft quarter as we experienced both the tail end of known issues, and the impact of a continuing challenging market environment. Our underlying performance was in line with current market growth of around 2%.... Given these moving parts, we are now targeting flat full year LFL net revenue for the RB base business.
MJN is progressing well against our reiterated H2 target of "-2% to flat."Further, the company said that it plans to combine the IFCN division with the health and some hygiene brands, to form the Health Business Unit. The home and other hygiene brands will form the Hygiene Home BU.Kapoor will be President of the RB Health Business Unit, in addition to his role as CEO of RB Group. RB Health will represent approximately 60% of group Net Revenue.Rob de Groot will be President of the Hygiene Home Business Unit, reporting to Kapoor, and will continue to sit on the Group Executive Committee.
