Buy: Reckitt Benckiser (RB.)
Management has described 2020 as a turning point, but growth will slow in 2021 after a year of stellar demand for hygiene and health products, writes Harriet Clarfelt.
Reckitt Benckiser was propped up in “uncharted waters” last year by mega-sales of cleaning products and vitamins, as customers focused on hygiene and wellness during the coronavirus pandemic.
In the fourth quarter, sales from the hygiene activity of the consumer goods group increased by more a quarter on a like-for-like basis to £ 1.6 billion, with strong demand for the Lysol and Finish brands.
In turn, the group’s like-for-like full-year sales rose 11.8% to £ 14 billion. While…
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