Now sees FY like-for-like sales up 1-3% (Il Sole 24 Ore Radiocor) - London, 24 Jul - Reckitt added that in the first half of 2024 net revenue fell 3.7% to 7.167 billion pounds, but like-for-like net revenue grew 0.8%. In the second quarter, net revenue fell 2.8% to 3.430 billion pounds and like-for-like sales were flat.

In the first half, adjusted diluted earnings per share fell 6.8% to 161.3 pence and free cash flow was up 8.3% to 821 million pounds.

Due to the temporary supply disruption caused by the July 9 tornado in Mount Vernon, Indiana, and its impact on its Nutrition business, Reckitt now expects full-year like-for-like net revenue growth of 1-3%, against 2-4% previously.

Adjusted operating profit is still expected to grow ahead of net revenue growth, it added.

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(RADIOCOR) 24-07-24 19:29:01 (0795) 5 NNNN