Reckitt says 2015 will be same as last year
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.