Reckitt reported stronger than expected Q3 20 revenue growth of 13.3%, on an lfl basis, to £3.5bn, driven by strong growth in Health (+12.6%) and Hygiene (+19.5%). Factoring in FX headwinds of 6.4pp, reported growth came in at 6.9%.
Management upgraded FY20 top-line growth expectations to low double-digit (vs high single-digit earlier) while keeping EBITDA guidance unchanged (350bp margin contraction vs FY 19). Following the strong Q3 performance, we will raise our estimates as well as the targ ....
22 Oct 2020
Q3 20: no sign of stockpiling headwinds…
Sign up to access
Get access to our full offering from over 30 providers
Get access to our full offering from over 30 providers
Q3 20: no sign of stockpiling headwinds…
Reckitt Benckiser Group plc (RBN:MEX), 0 | Reckitt Benckiser Group plc (RKT:LON), 4,433 | Reckitt Benckiser Group plc (RB:SWX), 0 | Reckitt Benckiser Group plc (3RB:ETR), 0 | Reckitt Benckiser Group plc (RBGPF:OTC), 0
- Published:
22 Oct 2020 -
Author:
Virendra Chauhan -
Pages:
3
Reckitt reported stronger than expected Q3 20 revenue growth of 13.3%, on an lfl basis, to £3.5bn, driven by strong growth in Health (+12.6%) and Hygiene (+19.5%). Factoring in FX headwinds of 6.4pp, reported growth came in at 6.9%.
Management upgraded FY20 top-line growth expectations to low double-digit (vs high single-digit earlier) while keeping EBITDA guidance unchanged (350bp margin contraction vs FY 19). Following the strong Q3 performance, we will raise our estimates as well as the targ ....