- RB is the undoubted leader in disinfectant products worldwide.
- A strong demand in key brands like Dettol and Lysol lifted the net revenue growth guidance to low double digits.
- The company transformation targeting higher revenue growth, mid-20’s margins and 7-9% earnings growth in the medium-term seems to be on track.
- There are a couple of headwinds for the Nutrition segment and the progress in the near future needs to be carefully monitored.
- RB's valuation compared to its peers seems to be attractive when looking at operating margin and P/E adjusted.
For further details see:
Reckitt Benckiser: A Long Term Winner, Even After The Pandemic?