Reckitt Benckiser reported a mixed set of H1 19 numbers – the top line missed while profits beat estimates. Revenue came in at £6.24bn, up 1% lfl – led by HygieneHome (+3%) which offset weak health (-1%). Adjusted operating profit came in at £1.48bn, with the associated margin at 23.6%. Q2 top-line numbers also missed expectations. Looking ahead, management cut its top-line guidance (+2-3% vs +3-4% earlier) while re-iterating margin guidance. Factoring in the weak perf
05 Aug 2019
Weak Health outweighs HyHo strength
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Weak Health outweighs HyHo strength
Reckitt Benckiser Group plc (RKT:LON) | 4,160 1164.9 0.7% | Mkt Cap: 29,395m
- Published:
05 Aug 2019 -
Author:
Virendra Chauhan -
Pages:
3
Reckitt Benckiser reported a mixed set of H1 19 numbers – the top line missed while profits beat estimates. Revenue came in at £6.24bn, up 1% lfl – led by HygieneHome (+3%) which offset weak health (-1%). Adjusted operating profit came in at £1.48bn, with the associated margin at 23.6%. Q2 top-line numbers also missed expectations. Looking ahead, management cut its top-line guidance (+2-3% vs +3-4% earlier) while re-iterating margin guidance. Factoring in the weak perf