Reckitt Benckiser’s (RB/ LN, BUY, T/P 9000p) Q1 trading statement on the 21st April 2017 reported flat like-for-like growth but maintained the continued outlook for a target 3% organic, constant currency sales growth. This implied a sharp acceleration in the second half of the year. The company reports interim results on 24th July. We take this opportunity to trim our FY2017 organic revenue growth forecast from 3.4% to 2.8%.
04 Jul 2017
Shuffling its Feet Short Term
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Shuffling its Feet Short Term
Reckitt Benckiser Group plc (RKT:LON) | 4,500 2790 1.4% | Mkt Cap: 31,881m
- Published:
04 Jul 2017 -
Author:
Chris Wickham -
Pages:
4
Reckitt Benckiser’s (RB/ LN, BUY, T/P 9000p) Q1 trading statement on the 21st April 2017 reported flat like-for-like growth but maintained the continued outlook for a target 3% organic, constant currency sales growth. This implied a sharp acceleration in the second half of the year. The company reports interim results on 24th July. We take this opportunity to trim our FY2017 organic revenue growth forecast from 3.4% to 2.8%.