UK: Reckitt Benckiser sees full year growth and margin expansion
Health, hygiene and household care producer Reckitt Benckiser (RB) has posted growth and margin expansion in full year 2015, according to its recently disclosed financial reports.
RB’s total revenues rose to £8.874 billion ($12.684 billion), with organic growth up 6% on full year 2014. The company claims its gross margin increased by +140bps to 59.1% (totaling £5.246 billion / $7.498 billion), driven bymix, input costs, and cost programmes. Operating profit was up 4% to £2.241 billion ($3.203 billion) versus FY 2014.
Commenting on the results, RB chief executive officer Rakesh Kapoor said: “RB delivered excellent growth and margin expansion in 2015 as a result of our continued focus on our Health, Hygiene and Home Powerbrand portfolio and supported by our culture of innovation and agility”.
“Despite a year of mixed market conditions, we achieved broad-based growth (+6% LFL), across both developed and developing markets. This was led by an exceptional performance in Consumer Health, due to both a strong flu season at the beginning of the year and outstanding performances from our innovations on brands such as Scholl, Durex, Nurofen and Strepsils".
Source: Reckitt Benckiser