Reckitt and Colman

Article Abstract:

Reckitt and Colman reported a rise in turnover for continuing businesses of 4% at 1.16 billion pounds sterling for 1st half 1996. Adjusted profit was up by 10.3% in this period. The company has finalized integration of its US cleaning compounds business, L and F, and US sales are making a strong contribution of 33% of Reckitt's sales. The group is focused on over-the-counter drugs and household cleaning compounds, following disposals of peripheral activities. The group will have to continue sales growth after disposals have been completed and synergy benefits have been accrued from L and F.

Pharmaceutical Preparation Manufacturing, Pharmaceutical preparations, Proprietary Preparations, Household Detergents & Cleansers, Soap and Other Detergent Manufacturing, Pharmaceutical industry, Proprietary drugs, Cleaning agents

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Reckitt and Colman

Article Abstract:

Reckitt and Colman has a large number of strong brands, and should benefit from a merger with Benckiser, which offers a strong management team. The Benckiser chief executive, Bart Becht, will head the new company resulting from the merger. Non-core operations look set to be sold, and cost savings can be achieved. The sector has been affected by results from Unilever which disappointed analysts, but Reckitt and Colman is a more focused group which should achieve growth.

Soap, Cleaning Compound, and Toilet Preparation Manufacturing, Soaps, Detergents & Toiletries, Toiletries industry, Consumer goods industry

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Reckitt and Colman

Article Abstract:

Reckitt and Colman has been affected by problems relating to integrating L and F, acquired in Jan 1995 for 1 billion pounds sterling. The group reported a flat underlying profit of 149.6 million pounds sterling for 1st half 1995. Reorganization benefits in Europe are boosting operating margins. Asian and Brazilian sales have performed well. The group's pre-tax profit for full-year 1995 has been reduced to 280 million pounds sterling from 300 million pounds by UBS.

Toiletries, Toilet Preparation Manufacturing, Health care industry

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