SLOUGH (dpa-AFX) - Reckitt Benckiser Group plc (RBGPF.PK, RB.L), on Wednesday, reported Q1 like-for-like or LFL net revenue growth of 1.5% with volume decline of 0.5% and price/mix growth of 2.0%.
Group reported net revenue declined 4.6%, with LFL growth more than offset by FX headwinds of -5.7%. Hygiene LFL net revenue grew 7.1%, and health LFL net revenue improved 1.0%, while nutrition LFL net revenue declined 9.9%.
Looking ahead, the company reiterated its FY24 outlook. Reckitt continues to project LFL net revenue growth to be between +2% and +4% for the Group, adjusted operating profit to grow ahead of net revenue growth, with revenue and profit growth to be second-half weighted as the company lap high OTC comparatives from Q1 last year and will see the majority of the rebasing of its US Nutrition business in H1.
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