Sales, profits up at RB
Slough-based household products supplier Reckitt Benckiser has reported a year of “market-beating results” for 2010, with total net revenue growth of seven per cent (at constant), to £8.4bn for the full year and a 13 per cent increase in profits to £2.13bn.
It is planning a 14 per cent increase in the final dividend to 65p per share, bringing the total dividend for 2010 to 115p (+15 per cent versus 2009).
Like-for-like net revenue growth was six per cent for the group excluding the newly acquired SSL International and five per cent for the base business.
Chief executive Bart Becht said: "Revenue increases were driven in particular by excellent developing markets growth. Total adjusted net income growth of 15 per cent (at constant) was also strong. This is further evidence that our strategy of focusing on our powerbrands, behind new product initiatives and high levels of marketing investment, is one that continues to deliver.”
The company is aiming for a four per cent like-for-like net revenue growth this year, despite the global market currently showing no growth.
