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Reckitt-Benckiser Q1

This article was originally published in The Rose Sheet

Executive Summary

Revenue for firm's health and personal-care division advanced 4% to roughly $797.5 mil. for the fiscal 2010 first quarter, with strong growth in personal-care product sales, driven by Lysol No Touch Hand Soap System and Veet depilatories in North America and Dettol antiseptic products in international markets, U.K.-based company reports April 27. Performance of personal-care brands was offset by the impact of a weak cold/flu season in North America and Europe, which kept down sales of Mucinex congestion relief and Strepcils sore-throat lozenges, according to Reckitt. Firm's net sales were $3.05 bil., representing an increase of 6% compared with the prior-year period, and net income increased 17% to $529.6 mil
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