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Persistent demand for Covid-era disinfectants drives Reckitt sales

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eckitt reported an increase in sales stimulated by a “very strong” demand for disinfectant despite a decline in the performance of its health branch.

The consumer goods giant, maker of Dettol and Lysol, said in a business update on Wednesday that like-for-like first quarter revenue rose 4.1%. Hygiene product sales jumped 28.5%, representing 47% of net sales for the period and driven in particular by demand for Lysol in North America.

The Slough-based company said “demand for cold and flu relief products [were] impacted by an unusually weak season, “but added that the division is helped by double-digit sales growth of Durex” driven by the easing of social restrictions “in China.

Total net sales were £ 3.5 billion, down 1.1% on a reported basis from the same period last year, which Reckitt attributed to the effects of exchange.

He added that the bosses “expect the current difficult market conditions for our cold and flu relief products to improve over time.”

Laura Hoy, equity analyst at Hargreaves Lansdown, said: “Considering the fact that Covid-linked pantry storage started around the same time last year, any growth is impressive. Compared to levels from 2019, revenues are up more than 17%. ”

Shares fell 1.4%, or 92p, to 6494p on Wednesday morning.

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