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    RB.   GB00B24CGK77

RECKITT BENCKISER GROUP PLC

(RB.)
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Real-time Estimate Quote. Real-time Estimate Cboe Europe - 12/06 05:42:42 am
6200 GBX   +0.24%
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Reckitt Benckiser 3Q Like-for-like Revenue Rose, Raises 2021 Guidance

10/26/2021 | 12:37am EST

By Joe Hoppe

Reckitt Benckiser Group PLC said Tuesday that its third-quarter revenue rose on a like-for-like basis but slipped on a reported basis, and raised its full-year revenue guidance.

The consumer-goods company, which houses Dettol, Harpic and Durex among its brands, said quarterly revenue fell 6.8% on year on a reported basis to 3.28 billion pounds ($4.52 billion). Like-for-like revenue growth was 3.3%, Reckitt said.

The company said its like-for-like broad-based growth and encouraging start to the cold and flu season was offset by mergers and acquisition expenses, and adverse foreign exchange movements.

Year-to-date revenue stood at GBP9.87 billion, up 3.6% on a like-for-like basis but down 5.3% on a reported basis compared with the year-earlier period, it added.

The company said that all of its geographic regions reported growth, and nine of its 10 largest brands sales are up by double-digit percentages on a two-year basis.

"Despite significant cost pressures, the benefits of our pricing actions, mix and productivity program, mean our margin guidance is unchanged, and we remain confident in our medium-term outlook," Chief Executive Laxman Narasimhan said.

Reckitt Benckiser said it now expects full-year like-for-like net revenue to increase by around 1% to 3% on year, on the back of its stronger-than-expected performance.

Write to Joe Hoppe at joseph.hoppe@wsj.com

(END) Dow Jones Newswires

10-26-21 0237ET

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Analyst Recommendations on RECKITT BENCKISER GROUP PLC
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Financials
Sales 2021 13 113 M 17 385 M 17 385 M
Net income 2021 314 M 416 M 416 M
Net Debt 2021 7 931 M 10 515 M 10 515 M
P/E ratio 2021 669x
Yield 2021 2,82%
Capitalization 44 184 M 58 421 M 58 579 M
EV / Sales 2021 3,97x
EV / Sales 2022 3,94x
Nbr of Employees 43 500
Free-Float 96,8%
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Mean consensus BUY
Number of Analysts 21
Last Close Price 6 185,00 GBX
Average target price 7 086,88 GBX
Spread / Average Target 14,6%
EPS Revisions
Managers and Directors
Laxman Narasimhan Group Chief Executive Officer & Executive Director
Jeff Carr Chief Financial Officer & Executive Director
Christopher A. Sinclair Chairman
Aditya Sehgal Chief Operating Officer-Health
Nicandro Durante Senior Independent Director
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