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Reckitt Benckiser net revenues outperformed early expectations

Christian Fernsby ▼ | July 28, 2020
Reckitt Benckiser has outperformed early expectations in the first half of the year.
Reckitt Benckiser
Reckitt Benckiser   Strong sales
Net revenues were £6,911m (2019: £6,240m) with LFL net revenue growth of 11.9%, with improved underlying growth estimated to be around 3 to 4%.

Topics: Reckitt Benckiser

The strong sales growth, principally reflecting higher volumes (up 11%), resulted in a good margin improvement in the half.

The company declared an interim dividend per share of 73.0p, unchanged on 2019.

Reflecting the strong net revenue growth and our negative working capital position, free cash flow was very strong in the first half of the year at £1,902m (2019: £929m).