Reckitt Benckiser reported stronger than expected Q1 20 revenue growth of 13.3%, on a lfl basis, to £3.54bn, driven by broad-based growth across segments (except IFCN/baby food). Factoring in FX headwinds of 1pp, reported growth came in at 12.3%. While management expects FY20 to be better than initial expectations (growth above 0.8% and 350bp margin contraction), it hasn’t quantified them due to the uncertainties caused by COVID-19. Given the strong start to FY20, we will raise ou
02 May 2020
Q1 20: strong start to the year
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Q1 20: strong start to the year
Reckitt Benckiser Group plc (RKT:LON) | 4,130 -1239.2 (-0.7%) | Mkt Cap: 29,201m
- Published:
02 May 2020 -
Author:
Virendra Chauhan -
Pages:
3
Reckitt Benckiser reported stronger than expected Q1 20 revenue growth of 13.3%, on a lfl basis, to £3.54bn, driven by broad-based growth across segments (except IFCN/baby food). Factoring in FX headwinds of 1pp, reported growth came in at 12.3%. While management expects FY20 to be better than initial expectations (growth above 0.8% and 350bp margin contraction), it hasn’t quantified them due to the uncertainties caused by COVID-19. Given the strong start to FY20, we will raise ou