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Reckitt first-quarter sales flat as problems persist
April 21, 2017 / 6:18 AM / 6 months ago

Reckitt first-quarter sales flat as problems persist

LONDON, April 21 (Reuters) - British consumer goods maker Reckitt Benckiser reported flat like-for-like sales for the first quarter, hurt by the ongoing fallout from weak markets in Europe and North America, a South Korean safety scandal and a failed new Scholl product.

The maker of Durex condoms, Lysol spray and Nurofen tablets said on Friday sales rose 15 percent in the first quarter to 2.64 billion pounds ($3.38 billion).

But excluding the impact of currency fluctuations, acquisitions and disposals, sales were flat, as increases in developing markets and in the hygiene business were not enough to offset declines in Europe and in the home products business.

Still, the company said growth should improve over the course of the year, and it expected to hit its target for full-year sales growth of 3 percent.

$1 = 0.7806 pounds Reporting by Martinne Geller; Editing by Mark Potter

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