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Reckitt quarterly sales beat estimates on boost from hygiene products

The company has benefitted during the pandemic from people buying more cleaning products, besides cold and flu remedies like Lemsip and Strepsils

Reckitt Benckiser Group
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Reuters London
Britain's Reckitt Benckiser Group beat fourth-quarter sales forecasts on Thursday after fears of COVID-19 led to increased demand for its cleaning products.

However, the maker of Lysol disinfectant and Durex condoms missed full-year earnings estimates, joining rivals in struggling with higher raw material and supply chain costs.

Reckitt did not give separate fourth-quarter earnings data.

The company said it was targeting like-for-like net revenue growth of 1-4% for 2022.

That came after revenues on the same basis rose 3.3% in the final quarter of 2021, ahead of the 1.9% growth expected by analysts in a company-supplied poll.

The results and

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