Annual Sales Up 13% at Reckitt Benckiser

Ahead of its 12% outlook, fiscal 2011 for Reckitt Benckiser—number three on Happi’s International Top 30—featured total net revenue growth of 13% to $15 billion (£9,485 million). For the fourth quarter, sales increase 8% to $3.8 billion (£2,416m).

Commenting on the full year results, Rakesh Kapoor, chief executive officer, said, “Reckitt Benckiser delivered another strong year, exceeding both our net revenue target (12%) and adjusted net income target (+0%) in an increasingly tough environment. Like-for-like growth of 4% was underpinned by a robust performance in the base business, especially in Q4.

“Growth was driven in particular by excellent growth in emerging markets, and growth in our Powerbrands…in 2012, we are targeting total company net revenue growth, excluding RBP, of 200bps above our market growth rate. We expect the market to grow at 1-2%. 2012 will be a year of higher investment but, ex RBP, we are still targeting to maintain our operating margins. ”