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A strong end to the year has helped Reckitt Benckiser register double-digit growth in 2020 as consumers turned to Dettol, Lysol and other hygiene brands to keep coronavirus at bay.
Revenues for the year finished 11.8% higher on a like-for-like basis to £14bn, with the hygiene division up 19.5% and health rising 12.1%. It is the best growth recorded in the company’s history.
The shift to online also benefitted the multinational as its ecommerce channel registered a record performance, with online sales soaring 56% to account for about 12% of total group business.
Reckitt flagged very strong growth for its heritage brands, particularly Lysol, Finish and Dettol, with a good performance from Gaviscon and improved momentum for Durex once the first lockdown was lifted.