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With the product shortage now broadly resolved, as of the end of February, the WIC program has normalized. Importantly, we keep improving how we leverage data, technologies, partnerships and our scale. Over the past three years, we've increased household penetration by 10%, grown market share by over 180 bps, and achieved a good balance of growth between price and volume. I mentioned the new businesses we've built in InstaSoothe and other brands. I guess it depends how old you are whether brands such as Harpic, Vanish, Dettol and Finish have a lot more relevance for you than Durex or baby food ones, but at least the FTSE 100's Reckitt (RKT) has a bunch of interesting global brands. The 66-year old will receive a salary of 1.1 million pounds ($1.3 million) as Reckitt CEO, the company said, adding that he is being appointed on a rolling contract with six months' notice on either side. I will now pass you over to Volker, who runs our Hygiene business. However, Lysol is much stronger now than pre-pandemic. And now I'm going to hand back to Nicandro. So should we be thinking about a smaller headwind to group than the 2.5%? In the medium term, we expect adjusted operating profit to grow ahead of net revenue, and this means we remain on track to achieve mid-20s margins by the mid-20s. Like-for-like net revenue growth in the quarter was 6.2% with improving trends in Hygiene, which returned to growth in the quarter, and the strong performance in Health and Nutrition. But growth was broad-based. Like in Germany, with our adult Nurofen proposition. Just on the margin ex -- the underlying margin ex the Nutrition, you said that that's sort of flat to slightly up. Bart Becht, the chief executive of Cillit Bang-maker Reckitt Benckiser, was paid more than 90m last year in a remuneration deal that will see him clean up in the FTSE 100 executive pay league. Find out more about salaries and benefits at Reckitt. We remain fully focused on the delivery of our strategy to protect the human nurture in the relentless pursuit of a cleaner, healthier world. Pros . Now let me sum up why we are excited about the future of our Hygiene business. Quality of Products/Services. Reckitt is a well-invested resilient business with a clear strategy and purpose, a strong and evolving culture, an excellent portfolio of leading brands and a dynamic and engaged leadership team. Nutrition business ex the benefit, it looks like the margin was about 18%. So on Lysol, I think just let me add on this. All those issues that I mentioned about trade negotiations is behind us. How much do Reckitt employees make? As I mentioned, our categories are pretty well underpenetrated and have massive upside there, too. We may -- it would be pretty much dependent in OTC, for example, on the size of the cold and flu season, but we don't see any big movement in retailing. So all in all, that's something that really gives us more confidence in our future as we're accelerating our innovation pipeline. And we've made a reasonably, I think, appropriate and conservative assumption around what we can sell in the coming year. The company said it would target like-for-like net revenue growth of mid-single digits for 2023, excluding the substantial boost its 2022 sales received from the recall of a rival's infant . Explore our global sites with local content specific to each country. The single total figure of remuneration (excluding buyout arrangements) remains unchanged at 5,366,489. Because, again, if you're keeping some of the top line, I'd expect you to keep some of the margin. JP Morgan analysts cited Narasimhan's sudden departure just when investor confidence in the group's turnaround was improving. But in summary, our pricing action, favorable mix, especially due to stronger OTC sales, and our excellent productivity initiatives meant we recovered some 90% of the cost of goods inflation during the course of the year. Our in-market competitiveness remains strong with around 62% of our core CMUs on whom we are gaining share during the year, and we increased our share of total distribution points. And so we've strengthened our capabilities in terms of understanding that category and understanding the unique dynamics of that flywheel beyond where it was a couple of years ago. We delivered high single digit to double-digit growth in all geographies in 2022, except for the heavily Lysol impacted areas of North America and ASEAN. 2020 saw a massive working capital inflow as we went through the pandemic. Si continas recibiendo este mensaje, infrmanos del problema Key stories on business-standard.com are available to premium subscribers only. It's been obviously a stellar year this year. Overall, it's been a strong performance across the board in 2022, but I'm very pleased that our balance sheet also continues to strengthen with net debt moving from 8.4 billion to just under 8 billion, and that's despite a negative 500 million movement due to foreign exchange rate movements, specifically with the U.S. dollar. Like-for-like growth for the year was 14.7% and 6.7% for the quarter with much stronger comps in the fourth quarter of last year. For those of you that have followed us for a while, you will know that we entered the pain category here a number of years ago with our product, Nurofen for Children, in order to create the Nurofen equity in the market. para informarnos de que tienes problemas. As I've mentioned, cost of goods inflation impacted gross margin, which was down 70 basis points to 57.8%. Please disable your ad-blocker and refresh. Reckitt Benckiser Group plc's chief executive officer (CEO), Laxman Narasimhan, will relinquish office on September 30. Under his leadership, Reckitt will continue to implement its current successful strategy. We saw a circa 18% uplift due to the competitor supply issue. Right now, in markets like Brazil, China, India, the penetration is less than 2%. So the profitability of WIC was actually similar to non-WIC in what we gained, which is a very unique dynamic and is now normalizing, as I said, as of the end of February and won't be material this year. It was in the Southern Hemisphere, and it now is in the Northern Hemisphere. Becht, however, received the same pay as 3,000 of Reckitt Benckiser's staff last year . You used to have industry-leading margins in Nutrition. Wenn All news aboutRECKITT BENCKISER GROUP PLC, RECKITT : Berenberg remains its Buy rating, Citigroup cuts Admiral; Jefferies likes PPHE, RECKITT : Receives a Buy rating from Deutsche Bank, London Stock Exchange - 11:35:29 2023-03-03 am EST. Good morning, everyone. So there will be an element of that. Yes. "Reckitt was getting its mojo back. Let me go back to Item three in terms of reinvestments. Perhaps that was slightly lower in Q4 year-on-year, but there seem to be some shortages. Auto Dish has enormous penetration upside. There are no buyout awards or sign on bonuses for Nicandro. The impact of price and mix for the year was 9.8%, and volumes for the year were down 2.2%. Distributed by Public, unedited and unaltered, on 08 April 2021 08:49:04 UTC. It's Alicia Forry at Investec. We delivered a year of strong revenue growth and profit delivery and free cash flow. I expect, going for '23, considering that the price is going to be much more benign, we expect to have much lower pricing going for '23. But before we proceed any further, I know you are keen to understand more about the progress on the appointment of a longer-term CEO. Reckitt Benckiser Group Plc fell after Chief Executive Officer Laxman Narasimhan said he will step down at the end of the month in a surprise move, leaving the Nurofen maker with an interim leader . Last year alone, more than 20%, driven by increased go-to-market coverage, strengthened brand building, and our new premium 10x line. Improving? So that was a high comparator, but we did ship more in Q4 of '22. With this innovation, Enfa becomes the only product with MFGM, expert-recommended levels of DHA, and HMOs, delivering on the benefits that parents want most: better mental development, digestion, and immunity. It won't be easy to comp this strong performance, but we are up for the task. We target further broad-based growth across the business, whilst recognizing that we still have to lap the sustainable portion of gains from the competitor supply chain in our U.S. nutrition business. If you continue to see this Upon joining Reckitt, and as previously announced on 6 August 2019, Laxman Narasimhan, Chief Executive Officer, received awards to compensate for remuneration arrangements forfeited upon leaving PepsiCo, his previous employer. ein Mensch und keine Maschine sind. The biggest extraordinary impact was the unprecedented cost inflation that hit us. The strong equity of our brands, our innovation pipeline and our strengthened go-to-market muscle position us very well to win here. The second one, in terms of pricing, I think that Pat has mentioned, we are moving to a price increase at the beginning of February, February 1, double digit. Forbes Lists #373. That's our model, the model we operate with all our brands. And the additional investment for next year is down basically because you have a fantastic portfolio innovation. I know maybe more like 1.5% or 2% this year. Global Competitiveness. Since sore throats are usually caused by viruses and not bacterial infection, antibiotics are, in many cases, ineffective. LONDON, March 1 (Reuters) - Reckitt Benckiser (RKT.L), maker of Dettol and Lysol cleaning products, on Wednesday marginally beat full-year like-for-like net revenue expectations, helped by higher . . Saurabh currently holds two full-time jobs. So without any further ado, I'd like to introduce our CEO, Nicandro Durante, to kick things off. And in 2023, we expect to deliver efficiencies of over 500 million. Reckitt Benckiser Group today announced that its CEO Laxman Narasimhan will step down from his position on September 30, 2022, and will relocate to the United States, for personal and family reasons. We have a very strong productivity program coming in '23, and it is going to find us the increase in BEI, to be honest with you. Pros. The average Reckitt Benckiser salary ranges from approximately 0.4 Lakhs per year for a Helper to 89.6 Lakhs per year for a Head Trade Marketing. As mentioned and anticipated, 2022 was a very tough year for Lysol, simply due to the high COVID comps. We also made very good progress regionalizing our supply chain. The remaining 9% uplift has come from parents outside of the WIC program who increasingly have chosen our brands. And I could bore you with the history of it. All the other divisions called out industry-leading margins. Nicandro Durante - Chief Executive Officer Now I'd like to go through each of our three global business units in turn, starting with Hygiene. But listen, everything that has been put in the business in the last three years, I think that if we look at the numbers in 2022 and if you look at what we expect in 2023, it shows that it's working quite well for shareholders and for us as a whole. Glassdoor provides our best prediction for total pay in today's job market, along with other types of pay like cash bonuses, stock bonuses, profit sharing, sales commissions, and tips. Brand equity investments were up 5.7% at actual rates and essentially flat at constant currency. Half of our managers at Reckitt are women and a third of all senior leaders. And based on your guidance, it looks like '23 will not substantially change this conclusion. ", The British consumer goods group raised its annual revenue forecast in July after steep price increases helped the company to beat its second-quarter sales expectations. And we also benefit, of course, from a positive foreign exchange rate due to the relative strengthening of the U.S. dollar. Caso continue recebendo esta mensagem, We do see that consumers look to our brands to treat COVID symptoms and COVID-related illness. The innovation is coming, R&D. I'm aware that the events of 2022 have created a lack of visibility for 2023. Now we generate almost 60% of our revenues with these new formats. We added 1.1 billion in revenues. Laxman will be replaced by Nicandro Durante, current Senior Independent Director, who will step into the role of CEO, as the Board evaluates and selects the future leadership. And as long as we deliver, and we will, better products and packaging solutions for the consumer that get the job done better as well as fueling the brands with, again, premiumized innovation as well as driving penetration of the category, the whole pie is growing. Reckitt Benckiser Group plc (OTCPK:RBGPF) Q4 2022 Results Conference Call March 1, 2023 8:00 AM ET, Nicandro Durante - Chief Executive Officer, Volker Kuhn - Chief Transformation Officer, Kris Licht - President of Health business and Chief Customer Officer, Pat Sly - President of Nutrition Business. Outside of China, Intimate Wellness grew 10%. Popular. Good morning, everyone, and welcome to Reckitt's Full Year 2022 Results Presentation. Is this happening to you frequently? Further details of the Remuneration Committee's decisions and the pay for Reckitt's Executive Directors are set out on pages 134-157 of the 2020 Annual Report. So the total season is about 13% above a three-year average. Each salary is associated with a real job position. RB is blessed with incredibly talented people with an owner driven mindset. And the exciting times we have ahead of us are something that I really look forward to in the future. Importantly, POS remained well above pre-pandemic levels, and we exited quarter four with POS in the high 40s above 2021. No further disclosure obligations arise under paragraphs 9.6.11 or 9.6.13 of the UK Listing Authority'sListing Rules in respect of this appointment. So quarter-by-quarter, you'll see further improvement. Further details of the Remuneration Committees decisions and the pay for Reckitts Executive Directors are set out on pages 134-157 of the 2020 Annual Report. He will be eligible to participate in the Company's existing annual bonus plan with a target of 120% of salary; in line with our Remuneration Policy this has a maximum of 3.57 times and with onethird of any bonus deferred into Reckitt shares for a period of three years. We continue to expand our offering for the management of cow's milk allergy with the only hypoallergenic formula with the probiotic LGG, now also tailored to toddlers and available in more markets. We create simple, innovative products that make it easy for individuals, families and communities to live healthier and happier. Sept 1 (Reuters) - Reckitt Benckiser (RKT.L) Chief Executive Laxman Narasimhan will step down at the end of September after three years in the role, the company said on Thursday, taking investors by surprise and sending its share price down sharply. Continuing to drive this great earnings model remains a core priority for me and my team. We are also very fortunate to be able to appoint Nicandro Durante as our CEO. Harpic's purpose is to improve toilet sanitation, which aligns with the UN SDG Goal Six. From a category perspective, we have a very significant OTC portfolio with intimate wellness and germ protection making other meaningful contributions. So it was a 2.5% uplift. Are there other geographies where you could do that and we could expect revenue synergies from sort of unwinding some of that RB 2.0 separation? For Reckitt, specifically, we have also seen unprecedented demand for a number of our products, causing more pressure on our supply chain, normalization of disinfection business as we left off COVID comps, and of course, the departure of our CEO, Laxman Narasimhan. And I mean, obviously, you have access to the POS data as well, and you can see what's happening in the marketplace. This year, we are launching our best-performing detergent in Europe with our patented cycle-sync technology. Within the guidance, we expect to significantly increase BEI to support our exciting innovation program. It put the resilience and grit of our teams to test, and they have risen to the challenges, as our people do. And I'm pleased to say that the combination of Mucinex's strong equity and the numbing powerful relief delivered by InstaSoothe has led to 6% category penetration in the U.S. sore throat category in just 18 months since we launched. We delivered double-digit three-year CAGR, and we keep growing at that pace. John Ennis from Goldman. Yes, it's similar -- it's not that dissimilar to North America. And after a slow start in the first half of 2022, we've seen sustained growth and market share gains in both H2 of last year and at the beginning of this year, and our growth plans remain in line with our original expectations. The revenue margin delivery, combined with some ForEx tailwinds, enabled us to deliver adjusted EPS of 341.7 billion, growth of over 18%. Hours: 40 hours per week Monday to Friday no weekends Location: Hull, Humberside - East Yorkshire When you see the world as we do, you see the chance to help the world take better c . And then the final one is for Nicandro. Territroy Manager for pharmacy business manager Rekitt Benckiser (Former Employee) - London, Greater London - 31 October 2021. Reckitt Benckiser Group Plc (IW 1000/286) shareholders protested the 23.2 million-pound (US$33.6 million) pay package for chief Rakesh Kapoor, the latest sign of growing investor discontent at hefty executive compensation. And if you might end up seeing some sort of reduced flu incidence, then what your assumptions are in terms of guidance? Found 2,963 of over 5K reviews. Sort. And a win for us for growing mid to high single digits. But just relying on category growth is not enough. Okay. Over the last three years, we delivered 7.6% net revenue CAGR. ($1.3 million) and is eligible to participate in the annual bonus plan with a target of 120% of salary, among other benefits. I cannot give you much more detail now. Reckitt Benckiser Chief Executive Laxman Narasimhan will step down at the end of September after three years in the role, the company said on Thursday, and will be replaced by insider and former BAT boss Nicandro Durante. We are learning with that. Your question is specifically on hygiene, I understand. Actually, I think innovation that brings consumer value is always at a good timing and can always come faster. Elsewhere, BEI was generally in line with 2021 as a percentage of net revenue. In this episode of the Inside the Strategy Room podcast, senior partner Celia Huber speaks with Laxman Narasimhan, the CEO of Reckitt Benckiser. They expect to announce a permanent CEO later this year, by the way. Although there are important differences between ASEAN and LATAM and North America, how we go to market is much more homogenous, and that's allowed us to really drive focus and strengthen our go-to-market capability, particularly with how we interact with professionals. Volume growth was strong, up 6.5% for the year, with the impact of price and mix of 8.2% for the year, of course, benefiting from favorable sales mix from OTC, which grew over 35% in the year. Reckitt Benckiser boss Rakesh Kapoor, one of Britain's highest-earning CEOs, saw his 2016 pay package fall by more than a third following a safety scandal in South Korea that dented the consumer . I'm very proud and very pleased to say the free cash flow improved year-on-year by 773 million to 2 billion in the year, primarily, of course, driven by our strong operating performance. In a carefully planned effort, we integrated our sales organizations across Health and Hygiene to create a more unified and larger field force. It needs to be taken with due process and diligence as we find the best person to take this great company on the next stage of this journey. Now I'm going to dive a little bit deeper into how we are growing our three biggest categories that all generate well above 1 billion in retail sales. Geographically, our Health business is well-balanced across developed and developing markets. We delivered broad-based revenue growth, strong earnings growth, and improved free cash flow, which has enabled us to further delever the balance sheet and increase our dividend. We are not satisfied with our status quo as we always aim to raise the bar. By focusing on these areas, I believe we are in a good place to grow by mid-single digits in 2023, excluding the impact of the competitor supply issue in the United States. Competition in Hygiene categories have intensified in recent years. As an example, Durex in India is now in 300,000 more stores than it was a year ago, which has been a major contributor to growth of Durex in the year of over 45%. And with a strong cash flow generation and healthy balance sheet, the directors recommend a 5% increase in our total dividend. In charge of recruitments for Unilever Bangladesh. How could the leader of a company that makes an array of mundane household products, like Dettol, Air-Wick and Strepsils, be worth so much And we'd be more than happy to take your questions now. Disculpa Thank you for the questions. Well, good morning, ladies and gentlemen, and it's a pleasure to see so many of you in person. We mentioned before that we still think that quarter one for Lysol is going to have a strong comparator at the beginning of '23. That's one point. Aiutaci a proteggere Glassdoor dimostrando che sei una persona reale. This was the 2009 annual pay of the executive behind the Finish Powerball - a dishwasher tablet brand.