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The actions of Reckitt Benckiser have soared while the giant of household products has stated that its infant formula business boosted sales, helping to increase revenue forecasts for the full year.
The company, which owns a series of family-owned brands, including Dettol, Durex, Clearasil and Gaviscon, reported a turnover of £ 3 billion in the second quarter, up 23 percent from the previous year. actual exchange or 29%
But all eyes were on sales growth at constant scope, which was 4% and ahead of badysts' forecasts for an increase of 2.9%.
His division for Infant Formulas and Infant Nutrition (IFCN) – which took over Mead Johnson Nutrition (MJN) last year and is part of its health business – has grown more than the company expected on the period, with sales driven by demand in China.
The hygiene business has experienced strong growth in North America, helping to offset lower performance in Europe where the company continues to suffer from price pressures.
She helped pre-tax profits for June 30 to increase by 9.5% to 1.1 billion pounds.
Reckitt has now increased its revenue growth targets to 14-15% at The same – year revenue growth rate is in the range of 2-3%.
He expects that the growth of the identical sales figure is 2-3%.
Growth and successful integration of MJN (Mead Johnson Nutrition) remain our top priorities
Rakesh Kapoor, Executive Director
The results were applauded by investors, who sent shares Reckitt Benckiser As much as Managing Director Rakesh Kapoor said, "The growth and successful integration of MJN (Mead Johnson Nutrition) remain our top priorities." Q2 was a quarter of progress on both of these priorities.
" MJN integration is on track, with IFCN performance exceeding expectations and synergies delivered. "
He said the restructuring plan reorganizes two business units – Health and Home Hygiene – drove "more concentration and energy" to the company.
"I am confident that we fully realize the benefits of RB 2.0, we will deliver the outperformance in both business units . "19659004] Steve Clayton, of Hargreaves Lan Sdown, called it a set of results for the household goods giant, which he said should be "well received" after a few difficult quarters.
He said that the agreement of Mead Johnson Nutrition The group on the market of infant formula in China and the United States "seems more and more promising."
"The company was struggling to acquire it, but sales are growing rapidly, driven by renewed vigor in China. While Reckitt suffered a damaging cyberattack last year, Mr. Clayton said that the company seems to have regained its composure
"Profit growth should accelerate and the stock yielding close to 3% growth prospects, the BRs improve, "he said.
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