Reckitt says 2015 will be same as last year

Have your say

British consumer goods maker, Reckitt Benckiser, said 2015 would be similar to last year, when sales were hurt by a slowdown in emerging markets.

The maker of Mucinex cold remedies, Durex condoms and Dettol cleaners reported full-year revenue growth of 4 per cent on Wednesday, in line with its forecasts.

Adjusted net income rose 4 percent, with adjusted earnings of 230.5 pence per share.

“In 2015, we continue to expect tough market conditions,” said chief executive officer Rakesh Kapoor, forecasting like-for-like net revenue growth of 4 per cent, “and moderate to ‘nice’ operating margin expansion for the full year”.

Reckitt, which recently spun off its pharmaceuticals business, also announced a new cost-savings program aimed at saving £100m to £150m pounds per year.