Reckitt reported largely in line Q4/FY 20 results. Q4 revenue was up by 10.2%, driven by Hygiene (+25.7%). The FY adjusted EBIT came in at £3.3bn with the margin at 23.6%. The final dividend remained unchanged at 101.6p. E-commerce sales were up by over 56% (~12% of revenue). The firm confirmed M&A developments which realign its portfolio towards faster-growing markets.
FY21 growth is expected at 0-2% with a 40-90bp margin contraction. We do not expect any major change to our estimates.
01 Mar 2021
Hygiene momentum will continue into 2021
Sign up to access
Get access to our full offering from over 30 providers
Get access to our full offering from over 30 providers
Hygiene momentum will continue into 2021
Reckitt Benckiser Group plc (RKT:LON) | 4,354 -870.8 (-0.5%) | Mkt Cap: 30,725m
- Published:
01 Mar 2021 -
Author:
Virendra Chauhan -
Pages:
3
Reckitt reported largely in line Q4/FY 20 results. Q4 revenue was up by 10.2%, driven by Hygiene (+25.7%). The FY adjusted EBIT came in at £3.3bn with the margin at 23.6%. The final dividend remained unchanged at 101.6p. E-commerce sales were up by over 56% (~12% of revenue). The firm confirmed M&A developments which realign its portfolio towards faster-growing markets.
FY21 growth is expected at 0-2% with a 40-90bp margin contraction. We do not expect any major change to our estimates.