HOUSEHOLD products firm Reckitt Benckiser is sticking by its growth targets – despite pressure on its Vanish fabric care division in Europe.
The firm, which last week announced the takeover of Durex and Scholl owner SSL International, reported a 19% rise in half-year profits to £971m. Revenues grew by 6% at constant exchange rates.
Reckitt is targeting a 5% rise in full-year revenues, helped by new products such as Airwick Aqua Mist.
However, competition for its Vanish stain remover combined with weak demand for laundry detergent, fabric conditioners and water softener affected the firm’s fabric care division in Europe.
