Connect with us

Hi, what are you looking for?

Capital Business
Capital Business
Man Getting Flu Shot/AFP


Reckitt Benckiser says Q1 sales boosted by flu season

Man Getting Flu Shot/AFP

Man Getting Flu Shot/AFP

LONDON, Apr 22 – British household goods and drugs firm Reckitt Benckiser on Monday posted rising first-quarter sales, lifted by a prolonged cold and flu season in North America and Europe.

Revenues jumped seven percent to £2.52 billion ($3.84 billion, 2.94 billion euros) in the three months to the end of March, compared with the same period a year earlier, Reckitt said in a trading update.

The London-listed group added that its performance was boosted by strong over-the-counter sales of Mucinex decongestant medicine and Strepsils throat lozenges.

“We are pleased with a strong start to the year, with our health and hygiene brands leading Reckitt Benckiser’s growth across all geographies,” said chief executive Rakesh Kapoor.

He added: “Mucinex and Strepsils have done particularly well, benefitting from a higher incidence of flu in the United States.”

Kapoor also noted that the group also experienced solid sales of Dettol surface cleaners, Durex condoms and Nurofen pain relief pills.

The British-based company cautioned over challenging market conditions but remained “confident” that it would achieve annual revenue growth of between 5.0-6.0 percent.

Reckitt had bought US-based Schiff Nutrition for $1.4 billion last year in a move which strengthened its position in the consumer health sector.

Reckitt’s other key brands also include Air Wick air fresheners, Finish dishwasher tablets and Harpic toilet cleaners.

Advertisement. Scroll to continue reading.
Click to comment

More on Capital Business

Executive Lifestyle

NAIROBI, Kenya, Mar 12 – The country’s super wealthy individuals are increasing their holding of bonds, gold and cash, a new report by Knight...

Ask Kirubi

NAIROBI, Kenya, Mar 9 – Businessman and industrialist Dr. Chris Kirubi has urged members of the public to exercise extreme caution when making any...

Ask Kirubi

NAIROBI, Kenya, Mar 24 – Businessman and industrialist Dr. Chris Kirubi is set to own half of Centum Investment Company PLC, following a go-ahead...

Ask Kirubi

It is without a doubt that the COVID-19 pandemic has caught the whole world by surprise. Although its full impact is yet to be...


NAIROBI, Kenya, Mar 18 – Commercial Banks have been ordered to provide relief to borrowers on their personal loans, with loans eligible from March...


NAIROBI, Kenya, Jun17 – Kenya’s tea leaves manufacturer Kericho Gold, has been awarded the Superbrands Seal by Superbrands East Africa for their quality variety...


NAIROBI, Kenya, Apr 13 – As the local telecommunications industry gears up to roll out 5G networks in the country, the Communications Authority of...


NAIROBI, Kenya, Mar 22 – Airtel Kenya is offering free internet access for students in order to enable continued learning at home in the...