Sparkling results for Cillit Bang owner
Published: 28 October 2008
Reckitt Benckiser to post forecast-beating profits up from £334m to £373m.
The consumer goods conglomerate behind leading brands, including Cillit Bang, Vanish, Harpic and Airwick, has experienced a surge in its Q3 results.
The business saw a like-for-like net revenue growth of 10% in the nine months to September, which it believes is strongly driven by its 17 'powerbrands'.
It's operating profit was also reported as £380m - 12% higher than the same period last year.
Commenting on the results, chief executive Bart Becht said: "Reckitt Benckiser continued its excellent momentum in Q3... Strong growth came across all regions and Powerbrands, behind heavy media investment and the success of innovations such as Finish Quantum and Vanish Intelligence."
He added that the company has raised its full year target sales growth to 13% from the previous figure of at least 11 to 12% following the strong results.
Year to date figures showed a pre-tax profit for the company of £954m, compared to £828m in the same period last year.