Reckitt Benckiser chief executive Bart Becht said the household goods maker has “excellent momentum” after posting robust third-quarter results and upgrading its performance targets for the rest of the year.
Reckitt, whose brands include Dettol, Finish and Cillit Bang, saw like-for-like sales rise by 10% over the last three months.
The performance contributed to a rise in total sales of 24% compared to the equivalent period last year to £1.67bn. Profits were up by 12% to £285m.
The performance led the company to revise its predictions for the full year, with like-for-like sales expected to rise by an average of 13% for the past 12 months, up from previous expectations of 11%-12%.
“Reckitt Benckiser continued its excellent momentum in Q3, with like-for-like growth of 10%,” said Becht. “Strong growth came across all regions and Powerbrands, behind heavy media investment and the success of innovations such as Finish Quantum and Vanish Intelligence.”
He added: “As a result of this momentum in the underlying business, we are raising our full year target for net revenue growth to +13%... at constant exchange. For net income growth, we are confident of achieving at least our previously communicated target of 11% at constant exchange or around +21% at actual exchange.”