Reckitt Benckiser 2017 Pretax Up on Revenue Growth
February 19 2018 - 2:54AM
Dow Jones News
By Carlo Martuscelli
Reckitt Benckiser Group PLC's (RB.LN) pretax profit rose 11% in
2017 as revenue increased 21%.
The consumer-goods company posted pretax profit of 2.50 billion
pounds ($3.51 billion) compared with GBP2.25 billion in 2016.
Revenue was GBP11.51 billion, it said Monday.
Reckitt Benckiser met its guidance, which was revised downward
over the course of the year, of flat like-for-like sales. Revenue
was helped by a weaker pound as well as merger-and-acquisition
activity, it said.
The company said it expects revenue growth of between 13% and
14% in 2018, translating to between 2% and 3% growth on a
like-for-like basis.
"Whilst 2018 will see some specific factors impacting margin, we
reiterate our medium-term target of moderate operating-margin
expansion," it said.
Reckitt Benckiser raised its dividend to 97.7 pence per share,
up from 95 pence in 2016.
Write to Carlo Martuscelli at carlo.martuscelli@dowjones.com
(END) Dow Jones Newswires
February 19, 2018 02:39 ET (07:39 GMT)
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