Business
Full Year Results 2016
Full Year Results 2016.
About this update from Reckitt Benckiser Group Plc
[{"type":"text","content":"\n \nRNS Number : 5561W Reckitt Benckiser Group PLC 10 February 2017 \n \n\n \n \n \n \n10 February 2017 \n \n 2016 - SOLID GROWTH, EXCELLENT MARGIN EXPANSION\n \n\n\n\n\nResults at a glance \n(unaudited)\n\n\nQ4\n£m\n\n\n% change actual exchange\n\n\n% change constant exchange\n\n\nFY\n £m\n\n\n% change actual exchange\n\n\n% change constant exchange\n\n\n\n\n \n \nNet Revenue\n\n\n \n \n2,760\n\n\n \n \n+19\n\n\n \n \n+1\n\n\n \n \n9,891\n\n\n \n \n+11\n\n\n \n \n+2\n\n\n\n\n- Like-for-like growth*\n\n\n\n\n\n\n\n\n+1\n\n\n\n\n\n\n\n\n+3\n\n\n\n\nOperating Profit - reported\n\n\n\n\n\n\n\n\n\n\n\n2,410\n\n\n+8\n\n\n-3\n\n\n\n\nOperating Profit - adjusted**\n\n\n\n\n\n\n\n\n\n\n\n2,777\n\n\n+17\n\n\n+6\n\n\n\n\nNet Income - reported\n\n\n\n\n\n\n\n\n\n\n\n1,832\n\n\n+5\n\n\n-5\n\n\n\n\nNet Income - adjusted**\n\n\n\n\n\n\n\n\n\n\n\n2,157\n\n\n+15\n\n\n+4\n\n\n\n\nEPS (diluted) - reported\n\n\n\n\n\n\n\n\n\n\n\n256.5p\n\n\n+6\n\n\n\n\n\n\n\nEPS (diluted) - adjusted**\n \n\n\n\n\n\n\n\n\n\n\n\n302.0p\n \n\n\n+17\n \n\n\n \n \n\n\n\n\n* Like-for-like (\"LFL\") growth excludes the impact of changes in exchange rates, acquisitions and disposals.\n** Adjusted results exclude exceptional items. \n \nHighlights: Full Year \n· LFL Net Revenue growth of +3%. Total Net Revenue growth (at actual rates) of +11% reflecting the net positive impact of translational FX and M&A. \n· Geographic growth - ENA1 performance LFL +1% and DvM1 performance LFL +8%. Negative impact of Korea HS issue of -1% on Group and -3% on DvM. \n· Health & Hygiene led growth of LFL +4%. Health growth +4% LFL reflected broad-based growth across the portfolio, offset by Scholl / Amopé decline. \n· Gross margin expansion +180bps to 60.9%, driven by mix, commodity cost tailwinds and cost optimisation initiatives. \n· &nbs...