08.02.22
United Kingdom
www.reckitt.com
Sales: $11.3 billion
Key Personnel: Laxman Narasimhan, CEO; Jeff Carr, CFO; Ranjay Radhakrishnan, CHRO; Kris Licht, president, health and chief customer officer; Volker Kuhn, president, hygiene; Miguel Veiga-Pestana, head of corporate affairs and chief sustainability officer; Sami Naffakh, chief supply officer; Angela Naef, chief R&D officer; Filippo Catalano, chief information and digitization officer; Catheryn O’Rourke, general counsel and company secretary
Major Products: Hygiene—Air Wick, Calgon, Cillit Bang, Finish, Harpic, Lysol, Mortein, Vanish, Woolite; Health—Clearasil, Dettol, Veet, Queen V
New Products: Hygiene—Lysol New Day, Air Wick New Day Scented Oils, Calgon Anti-Bacterial Gel, Cillit Bang improved formula, Cillit Bang improved Limescale remover formula, Harpic Platinum; Hygiene—Dettol Tru Clean antibacterial range, Veet Minima/Pure, Biofreeze (acquisition)
Comments: Corporate sales fell 5.4% to $18.2 billion. The company blamed net M&A impact of -3.8% and foreign exchange headwinds of 5.1%.
Sales of hygiene products rose 1.6% to more than $8.1 billion. The hygiene division accounts for 45% of corporate sales, with 80% of that revenue from developed markets. Reckitt notes globally, dishwashing machine penetration is just 13%—plenty of room for Finish to operate. Last year, Finish sales rose mid-single digits. Sales of Airwick and Vanish both rose double digits. Meanwhile, in 2021, Lysol sales didn’t match pandemic-fueled results of 2020, but Reckitt notes that Lysol gained 700bps of US market share since 2019. Lysol is the largest disinfectant brand in the world.
The health division includes brands like Dettol, KY and Veet. Sales fell 5%, as Dettol sales declined low double-digits in 2021, after exceptional gains in 2020. During the year, Reckitt introduced Dettol Tru Clean, its first plant-based disinfectant. The company said more Dettol launches will soon arrive. Sales of Veet grew mid-single digits. Growth was driven by a focus on eCommerce and other new channels, as well as the expansion of Veet for Men and the launch of Veet Minima/Pure.
Last year, Reckitt launched its 2030 sustainability ambitions for a Cleaner, Healthier World. Some of the program’s 2025 goals include 100% plastic packaging be recyclable or reusable and 25% recycled content in plastic packaging. By 2030, 50% of net revenues from more sustainable products and a 50% carbon footprint reduction. By 2040, Reckitt expects to reduce its water footprint by 50%.
In I&I news, in March 2022, Diversey began distributing Dettol, Lysol, Harpic, Vanish, Airwick and Pine O Cleen in the B2B channel in the Middle East, Asia Pacific, as well as Turkey and Russia. The move expanded on the relationship Reckitt and Diversey have in North America.
For the first quarter of 2022, sales fell 2.3%. Hygiene sales fell nearly 11%. Reckitt blamed the decline on lower Lysol sales. When the covid pandemic was raging in Q1 2021, Lysol sales soared 70%—clearly a tough act to follow. Every other hygiene brand, recorded gains. Health sales rose nearly 16%. Nearly three-quarters of health care brands held or gained market share, including most disinfection markets.
In April, Reckitt sold E45 skin care brand to Karo Pharma for about $262 million. E45 had sales of about $56 million in 2021. That move followed the 2021 sale of the Dr. Scholl’s franchise.
In June, Finish teamed up with the World Wildlife Fund to launch the Journey of Water, a program to restore and replenish freshwater and educate consumers on how they can save water at home. Last fall, Reckitt launched #skiptherinse to raise awareness of water scarcity and to remind consumers they don’t need to pre-rinse dishes prior to loading the dishwasher.
www.reckitt.com
Sales: $11.3 billion
Key Personnel: Laxman Narasimhan, CEO; Jeff Carr, CFO; Ranjay Radhakrishnan, CHRO; Kris Licht, president, health and chief customer officer; Volker Kuhn, president, hygiene; Miguel Veiga-Pestana, head of corporate affairs and chief sustainability officer; Sami Naffakh, chief supply officer; Angela Naef, chief R&D officer; Filippo Catalano, chief information and digitization officer; Catheryn O’Rourke, general counsel and company secretary
Major Products: Hygiene—Air Wick, Calgon, Cillit Bang, Finish, Harpic, Lysol, Mortein, Vanish, Woolite; Health—Clearasil, Dettol, Veet, Queen V
New Products: Hygiene—Lysol New Day, Air Wick New Day Scented Oils, Calgon Anti-Bacterial Gel, Cillit Bang improved formula, Cillit Bang improved Limescale remover formula, Harpic Platinum; Hygiene—Dettol Tru Clean antibacterial range, Veet Minima/Pure, Biofreeze (acquisition)
Comments: Corporate sales fell 5.4% to $18.2 billion. The company blamed net M&A impact of -3.8% and foreign exchange headwinds of 5.1%.
Sales of hygiene products rose 1.6% to more than $8.1 billion. The hygiene division accounts for 45% of corporate sales, with 80% of that revenue from developed markets. Reckitt notes globally, dishwashing machine penetration is just 13%—plenty of room for Finish to operate. Last year, Finish sales rose mid-single digits. Sales of Airwick and Vanish both rose double digits. Meanwhile, in 2021, Lysol sales didn’t match pandemic-fueled results of 2020, but Reckitt notes that Lysol gained 700bps of US market share since 2019. Lysol is the largest disinfectant brand in the world.
The health division includes brands like Dettol, KY and Veet. Sales fell 5%, as Dettol sales declined low double-digits in 2021, after exceptional gains in 2020. During the year, Reckitt introduced Dettol Tru Clean, its first plant-based disinfectant. The company said more Dettol launches will soon arrive. Sales of Veet grew mid-single digits. Growth was driven by a focus on eCommerce and other new channels, as well as the expansion of Veet for Men and the launch of Veet Minima/Pure.
Last year, Reckitt launched its 2030 sustainability ambitions for a Cleaner, Healthier World. Some of the program’s 2025 goals include 100% plastic packaging be recyclable or reusable and 25% recycled content in plastic packaging. By 2030, 50% of net revenues from more sustainable products and a 50% carbon footprint reduction. By 2040, Reckitt expects to reduce its water footprint by 50%.
In I&I news, in March 2022, Diversey began distributing Dettol, Lysol, Harpic, Vanish, Airwick and Pine O Cleen in the B2B channel in the Middle East, Asia Pacific, as well as Turkey and Russia. The move expanded on the relationship Reckitt and Diversey have in North America.
For the first quarter of 2022, sales fell 2.3%. Hygiene sales fell nearly 11%. Reckitt blamed the decline on lower Lysol sales. When the covid pandemic was raging in Q1 2021, Lysol sales soared 70%—clearly a tough act to follow. Every other hygiene brand, recorded gains. Health sales rose nearly 16%. Nearly three-quarters of health care brands held or gained market share, including most disinfection markets.
In April, Reckitt sold E45 skin care brand to Karo Pharma for about $262 million. E45 had sales of about $56 million in 2021. That move followed the 2021 sale of the Dr. Scholl’s franchise.
In June, Finish teamed up with the World Wildlife Fund to launch the Journey of Water, a program to restore and replenish freshwater and educate consumers on how they can save water at home. Last fall, Reckitt launched #skiptherinse to raise awareness of water scarcity and to remind consumers they don’t need to pre-rinse dishes prior to loading the dishwasher.