Reckitt Benckiser Group PLC (OTCPK:RBGLY)
$ 12.38 -0.01 (-0.08%) Market Cap: 42.69 Bil Enterprise Value: 52.98 Bil PE Ratio: 21.97 PB Ratio: 4.13 GF Score: 73/100

Q3 2021 Reckitt Benckiser Group PLC Trading Statement Call Transcript

Oct 26, 2021 / 07:30AM GMT
Release Date Price: $15.96 (+5.77%)
Laxman Narasimhan
Reckitt Benckiser Group plc - Group CEO & Executive Director

Good morning to everyone dialed in. It was just a month ago that we presented to you at the launch of our Investor Seminar Series. I will, therefore, keep my comments this morning brief and focused on trading.

First, a few comments on the group performance. Today's results demonstrate the progress we are making as we continue to transform Reckitt. We've grown like-for-like revenue by 3.3% in the quarter. Importantly, this is on the top of last year's 15.3%, meaning we are over 18% on a 2-year stack basis.

Growth has been broad-based across business units, across geographies and across brands. At the half year, we told you that those brands less sensitive to COVID fluctuations and which represented around 70% of our revenue were growing mid-single digits on average. This growth has continued into this quarter.

In addition, and to give you a sense of the breadth of our strength by brand, 9 of our 10 largest brands are up double digits in the quarter on a 2-year stack basis. The other is up high

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