Reckitt Benckiser 1Q Revenue Up Helped by Forex
April 21 2017 - 2:43AM
Dow Jones News
By Olga Cotaga
LONDON--Reckitt Benckiser Group PLC (RB.LN) reported Friday a
first-quarter revenue of 2.64 billion pounds ($3.31 billion), 15%
up considering the foreign exchange rates.
Excluding the impact of changes in exchange rates, like-for-like
revenue stayed unchanged, but the company backed its full-year
guidance of 3% growth.
Revenue in the first three months of 2017 was helped by a good
performance from the health unit, which offset the headwinds in the
Scholl and Amopé unit.
The acquisition of Mead Johnson is on track and should be
completed by the end of the third quarter, the company said.
Write to Olga Cotaga at olga.cotaga@wsj.com, Twitter
@OlgaCotaga
(END) Dow Jones Newswires
April 21, 2017 02:28 ET (06:28 GMT)
Copyright (c) 2017 Dow Jones & Company, Inc.
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