Reckitt’s first quarter results did not offer anything to be excited about in the near term. The results reflected a worrying state of the Scholl portfolio, underperformance of Dettol in the Middle East, weak pricing in the household business (even though volume has been able to more than compensate for now) and a broader market slowdown. While hope was seen in some pockets, such as Mead, the following quarters are likely to remain subdued.
25 Apr 2018
Not a good start to the year
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Not a good start to the year
Reckitt Benckiser Group plc (RKT:LON) | 4,521 0 0.0% | Mkt Cap: 32,030m
- Published:
25 Apr 2018 -
Author:
Kamla Singh -
Pages:
4
Reckitt’s first quarter results did not offer anything to be excited about in the near term. The results reflected a worrying state of the Scholl portfolio, underperformance of Dettol in the Middle East, weak pricing in the household business (even though volume has been able to more than compensate for now) and a broader market slowdown. While hope was seen in some pockets, such as Mead, the following quarters are likely to remain subdued.