Reckitt Benckiser has shrugged off the effects of the global downturn to post a 10% rise in like-for-like sales in 2008.
The household goods manufacturer, maker of brands including Dettol and Cillit Bang, notched up double-digit growth in full-year sales to rake in £6.56bn. The result included like-for-like fourth-quarter growth of 8%.
Operating profits for the past 12 months were up by 9% on constant exchange rates to a new mark of £1.505bn.
“Reckitt Benckiser had an excellent year in 2008 despite challenging conditions, with like-for-like net revenue growth of 10%,” said chief executive Bart Becht.
“All regions and all 17 Powerbrands contributed to this growth, supported by significant media investment and successful innovations such as Vanish Intelligence and Finish Max in 1.”
He added: “Based on the current market outlook, our targets in 2009 are for net revenue growth of 4% and net income growth of 8%-10%... at constant exchange.”