Core Reckitt Revenue Growth
Core Reckitt revenues grew 5.3% in Q2 and 4.2% for the half year, driven by strong performance in Emerging Markets.
Improved Operating Profit
Adjusted operating profit increased by 7% at constant exchange rates, with a margin increase of 110 basis points to 24.6%.
Emerging Markets Performance
Emerging Markets delivered 12.8% like-for-like growth for the half year and 14.9% in Q2, driven by strong performance in India, China, and Latin America.
Fuel for Growth Program
The Fuel for Growth program is delivering ahead of plan, contributing to a 190 basis point reduction in fixed costs in the first half.
Strategic Divestment
Reckitt announced an agreement to divest Essential Home, which will help focus on high-growth, high-margin Powerbrands.
Shareholder Returns
Reckitt increased the interim dividend by 5% and announced a GBP 1 billion share buyback program.