Reckitt Benckiser Swung to 2022 Profit, Beat Market Views
01 3월 2023 - 4:50PM
Dow Jones News
By Michael Susin
Reckitt Benckiser Group PLC reported on Wednesday a
better-than-expected swing to pretax profit in 2022 on the back of
lower costs and raised its dividend payout.
The consumer-goods company--which houses Dettol, Harpic and
Durex among its brands--posted a pretax profit 3.07 billion pounds
($3.69 billion), compared with a loss of GBP260 million in the
year-earlier period.
Adjusted operating profit was GBP3.44 billion from GBP2.94
billion a year ago and compared with a consensus of GBP3.42 billion
taken from the company's website.
Revenue came in at GBP14.45 billion from GBP13.23 billion the
prior year. A consensus estimate taken from the company's website
had forecast Reckitt's revenue at GBP14.41 billion.
The company's net revenue on a like-for-like basis grew 7.6%,
above the market forecast of 7.5%, supported by broad-based
growth.
For the year ahead the company expects like-for-like revenue
growth of mid-single digits, an adjusted operating margin to be in
line with or slightly above 2022 levels.
The board declared an interim dividend of 183.3 pence a share,
compared with 174.6 pence declared the previous year.
Write to Michael Susin at michael.susin@wsj.com
(END) Dow Jones Newswires
March 01, 2023 02:35 ET (07:35 GMT)
Copyright (c) 2023 Dow Jones & Company, Inc.
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