Reckitt lifts revenue targets

Household products group Reckitt Benckiser raised the bar on its annual revenues target today after growth across all its product categories.

Reckitt, which makes items such as Lemsip, Dettol, Airwick air fresheners and Harpic disinfectant, said two strong quarters meant its target for net revenues growth in 2004 was now 7%-plus, rather than the 5% previously forecast.

Significant contributors to the first half included the group’s new Vanish Oxi Action carpet cleaner and Lysol toilet cleaning brush.

The Anglo-Dutch group added that net income grew by 18% in the first half to £234m (€354m), causing it to set an identical figure as its full year target. Both growth forecasts are based on the same exchange rates as last year.

Chief executive Bart Becht said: “Growth has come from all categories and regions behind new product initiatives supported by significant increases in marketing, particularly media, investment.

“After two strong quarters, Reckitt Benckiser is firmly on track to deliver ahead of the company’s initial full year targets.”