Reckitt Benckiser Group announces a full Year dividend of 174.6p

DividendMax Ltd.

Reckitt Benckiser Group announces a full Year dividend of 174.6p

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)

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