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4-Traders Homepage  >  Equities  >  London Stock Exchange  >  Reckitt Benckiser Group Plc    RB.   GB00B24CGK77

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Reckitt Benckiser : 1Q Revenue Up Helped by Forex

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04/21/2017 | 08:29am CEST

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 [email protected], Twitter @OlgaCotaga

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Financials ( GBP)
Sales 2017 10 941 M
EBIT 2017 3 089 M
Net income 2017 2 328 M
Debt 2017 698 M
Yield 2017 2,37%
P/E ratio 2017 21,75
P/E ratio 2018 19,99
EV / Sales 2017 4,68x
EV / Sales 2018 4,33x
Capitalization 50 548 M
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Mean consensus OUTPERFORM
Number of Analysts 22
Average target price 77,3  GBP
Spread / Average Target 7,1%
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NameTitle
Rakesh Kapoor Chief Executive Officer & Executive Director
Adrian D. P. Bellamy Non-Executive Chairman
Adrian N. Hennah Chief Financial Officer & Executive Director
Kenneth John Hydon Independent Non-Executive Director
Judith A. Sprieser Independent Non-Executive Director
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