TRANSFORMATION FIRMLY ON TRACK: STRONGER BUSINESS WELL POSITIONED TO DELIVER MEDIUM-TERM TARGETS
CONTINUED MOMENTUM IN 2021: Targeting revenue growth and margin expansion in 2022
February 2022
WHAT WE SAID
Mid single-digit(MSD) LFL net revenue growth as we exit 2022, and mid 20s AOP margin
by the mid 2020s.
2022 TARGETS
+1-4% LFL net revenue growth
WHAT WE HAVE ALREADY DELIVERED
3.5% | LFL net revenue |
growth 2021 | |
17.4% | 2 year |
stacked LFL net | |
revenue growth | |
c.70% | at >5% |
of portfolio* | |
already growing | |
62% | of core CMUs |
holding/gaining share |
AOP margin growth
Top line performance significantly better than peers - 2 year stacked LFL net revenue growth
17.4% 11%
Reckitt | FMCG peer |
average† |
†Reckitt plus top 10 peers using latest available reported results
-66% less absolute carbon in operations since 2015**
Improving lives where we live and work
3.4m people across 50 countries measurably impacted by our social impact work
*Excluding brands more impacted by Covid - Lysol, Dettol and cold and flu brands ** Meeting our 2030 science-based target ahead of schedule | Definitions (including LFL): see 2021 Results Statement) |
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Disclaimer
Reckitt Benckiser Group plc published this content on 17 February 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 18 February 2022 17:01:03 UTC.