Reckitt Benckiser: stock up on increased guidance
(CercleFinance.com) - Reckitt Benckiser shares are up over 5% in London after the company said it expects 2021 sales growth of 1% to 3%, following a better-than-expected third quarter.
In the three months to 30 September, the health and home care supplier's revenue fell 6.8% as reported to 3.27 billion pounds, although were up 3.3% LFL.
Reckitt Benckiser announced "broad-based growth, balanced between volume and price/mix", benefited from an "encouraging start to the cold and flu season".
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