The Reckitt Board announces a full Year Dividend of 174.6p in line with policy and guidance from February 2020
Other financial highlights include:
* Group LFL net revenue up +11.8%: very strong, volume-led growth in a COVID environment, as consumers seek trusted, heritage brands, reinforced by stronger purpose-led brand equity and strengthened execution
* Hygiene LFL net revenue up +19.5%: very strong growth, particularly from Lysol and Finish, with broad-based growth in all regions and improved overall market share for Hygiene
* Health LFL net revenue up +12.1%: very strong Dettol growth in all major markets, strong growth from Gaviscon and improved Durex momentum, and improving market share performance overall
* Nutrition LFL net revenue unchanged: US IFCN growth and increased consumer focus on wellness and immunity, with Airborne up over 100%, offset adverse IFCN market in Greater China
* e-Commerce: record full year channel growth of 56%; estimated to be c.12% of group net revenue
* Full year adjusted operating margin of 23.6%, in line with mid-year guidance
* Full year reported operating profit of £2,160m (2019: reported operating loss of £1,954m). including IFCN goodwill impairment of £985m (2019: £5,037m) reflecting the volatility and uncertainties relating to COVID-19.
* Adjusted diluted EPS of 327.0p (2019: 349.0p)
* Record free cash flow generation of £3,052m (2019: £2,145m) reflecting negative net working capital position; net debt reduced to £9.0bn (2019: £10.7bn)
