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. Thank you very much for coming over. Browse an unrivalled portfolio of real-time and historical market data and insights from worldwide sources and experts. 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. Now this was due to reduced investment in Russia and the fact we did not increase our BEI spend in proportion to net revenue growth in two key areas: U.S. message, contactez-nous l'adresse Going into 2022, we anticipated that our Lysol business would shrink given the high COVID-related comps, which impacted our volume significantly. Consequently, despite pricing and a strong productivity performance, adjusted operating profit at 1.2 billion was down 18% at constant exchange rates and at a margin of 20.4%, down 330 basis points. I'm aware that the events of 2022 have created a lack of visibility for 2023. Distributed by Public, unedited and . The global dishwashing machine penetration is below 15%. Moving to air care. Salaries posted anonymously by Reckitt employees. Further details of the Remuneration Committee's decisions and the pay for Reckitt's Executive Directors are set out on pages 134 . 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. But I now feel we have returned to a more normalized position with working capital at a sustainable level at around minus 11% of net revenue, and we're confident of delivering strong future cash flows and high cash conversion in the coming years. We are sorry for the inconvenience. And also anything you can say about the profitability of that part of the business? We are learning with that. This led to a gross margin stabilization in Q4. And with a full rollout of our record production system across our factories, we have been able to increase efficiencies across cost sites in 2022 by around 20%. I know maybe more like 1.5% or 2% this year. In addition, page 152 of the 2020 Annual Report sets out the CEO pay ratio. The innovation is coming, R&D. I will now pass you over to Volker, who runs our Hygiene business. Find investor information and see what the media are saying about Reckitt. A lot of things are coming next year as well. 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. Our transformation is bearing fruits. Laxman Narasimhan, who left his position at Reckitt Benckiser to join Starbucks as its CEO, is likely to earn about $17.5 million in annual payout if he reaches his targets. And there are some elements that we have to take into account. I'm delighted to be meeting with all of you today. Breaking this out, we believe the benefit on like-for-like net revenue growth was approximately 2.5% in the year, and the impact on adjusted operating profit margins in 2022 was approximately 80 basis points. Global Competitiveness. Just on the margin ex -- the underlying margin ex the Nutrition, you said that that's sort of flat to slightly up. Chris Pitcher from Redburn. All quotes delayed a minimum of 15 minutes. Consumers are actively switching everywhere in the world from the low tier to the high tier. They offer attractive growth opportunities as their global penetration is low, yet growing, and they offer an attractive margin profile. We have a question over there. I think the other thing that's been important is Nutrition is -- or at least infant nutrition is a bit more of a specialized category. This compared to 24.9% in 2021 with a slight decline coming from a negative mix impact as Nutrition has a lower ratio, but has delivered strong growth during the year. 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. Back . I'll now hand over to Kris, who will talk to you about the great progress on Health. 6. Improving? The companys purpose - to protect heal and nurture in the relentless pursuit of a cleaner and healthier world - is, and remains, foundational to the future direction of the company; as do its environmental, societal and governance commitments. And our teams have become much, much better, much more adept at navigating that. scusiamo se questo pu causarti degli inconvenienti. So we would like you to start at the back. From a category perspective, we have a very significant OTC portfolio with intimate wellness and germ protection making other meaningful contributions. para nos informar sobre o problema. Onze Find investor information and see what the media are saying about Reckitt. Brazilian-Italian Durante previously led tobacco giant British American Tobacco (BAT) for eight years until 2019. And this reflects the strength of our balance sheet and our confidence in the cash-generating potential of our business as we look to the future. Sorry, I jumped ahead of you by accident. But you look at Auto Dish, for example, we have 11% price increase during 2022, and the volume was 1% down. It has certainly been an interesting year for our business in 2022. Like in Germany, with our adult Nurofen proposition. The first is on the brand investments. There is -- the concept of an average season is tricky these days. We delivered a year of strong revenue growth and profit delivery and free cash flow. And clearly, that's starting to enter into the territory that we talk about as looking to have surplus cash. Can you discuss the drivers of multiyear margin expansion, of course, beyond easing cost pressures? After a few years of holding the dividend flat, we're now proposing to increase our total dividend by 5% this year with the intention to sustainably grow dividends in future years, subject to any significant internal or external factors. We may have innovation in different price points in order to be able to give something for consumers to stick to our brands, to stick to our portfolio. RASHIDEEN EGYPT FOR TRADE CO. (L.L.C) (Mondelz international, reckitt benckiser & Bel Distributor) . And what I can say now is that, yes, we see further opportunities across the world to improve the way that we execute, the way that we reach consumers, the way that we interact with customers. It is a great pleasure to see many of you -- many of them that I know from my past. With immediate effect, Nicandro will cease to be the Senior Independent Director and will step down from the Nomination, Remuneration and CRSEC Committees of the Board. 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. So to summarize, 2022 was a very unusual year, but one where we made significant progress, strengthening our brands in our core markets. Perhaps you can just expand on the point you made about -- obviously, you've had this impact of the cold and flu season. Build the strongest argument relying on authoritative content, attorney-editor expertise, and industry defining technology. REUTERS/Phil Noble/Photo Illustration. Laxman has decided for personal and family reasons to relocate back to the United States and has been approached for an opportunity that enables him to live there. Now as you know, we made important investments and capabilities in all critical areas. Having worked closely with Nicandro since I joined the Board, I have no doubt that he will provide the leadership needed for Reckitt at this important stage of transformation while we find the right long-term leader for the business.. On the premium innovation, it's all about consumer value. It sounds like you expect to hand back all of the WIC, but keep a decent chunk of the non-WIC. Now we're not giving specifics as to whether we take -- what percentage of that we retain because clearly, Abbott will come back into the market very strong and fight very hard to gain back market share. These awards remained subject to PepsiCos performance conditions and full details can be found on page 125 of the 2019 Annual Report. Underpinning this financial delivery were further execution improvements across our supply chain. The price and mix effect at 12% was consistent with quarter three, and group volumes were down 5.8%, similar to quarter three, but with weaker China Intimate Wellness and stronger comps in Health, which, as Nicandro mentioned, on Intimate Wellness, we expect to improve in 2023. If we break out our total GBU growth in 2022, our underlying business grew around 5%. 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. With the product shortage now broadly resolved, as of the end of February, the WIC program has normalized. Now there's a lot of moving parts here. We've said we're not uncomfortable with consensus, which assumes we keep a little bit of that 80 in 2023. So can you please talk about what kind of actions you're taking to make Reckitt a reliable earnings compounder it once was? We're now left with a much more homogenous business. Thank you, Nicandro. las molestias. Is there a risk it's a bit too late to do this kind of innovation at a premium level? So I'm not going to start talking about upside or things like that. Is the political environment back where you can take price increases now with the consumer? A win for our customers. There is great momentum across the business and we are seeing the benefits come through in its performance. As explained in the Capital Markets Day in '21, we are refocusing on our historic strength: one, to grow categories by driving penetration and premiumization with innovation and by creating new segments; two, to delight our consumers with preferred product and packaging experiences delivered by brands, their love and trust; and three, to execute with speed and rigor; four, to fuel growth and deliver shareholder return with our best-in-class earnings model powered by world-class productivity, very strong innovation, and leading premium brands with pricing power; and five, this is all executed by a capable organization that is focused to outperform with grit. We have strong, trusted, market-leading brands across the categories we compete in. The single total figure of remuneration (excluding buyout arrangements) remains unchanged at 5,366,489. . Found 2,963 of over 5K reviews. It's an unexpected move. We are not yet where we want to be, but I'm pleased that the Company continues to make progress with such important stakeholders. A couple of questions for me, if I may. So to your question about competition intensifying, I think the whole thing of our strategy is all about category growth, okay? 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. The final tranche of awards vested in March 2021 and were based on PepsiCo's performance over the three-year period ending December 2020. So it's been strong. Our Nutrition business is a 2.5 billion business based primarily in five markets where we have strong market shares of greater than 20%, established infrastructure, and leading go-to-market capabilities. Okay. 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. My first question on -- you're saying that you are coming out of the distortion of the past few years for the first time in '23. 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. And we are beginning to build out our adult nutrition portfolio by leveraging the strong Sustagen brand equities with a new senior range scientifically designed to meet the nutritional needs of the 50-year plus consumer. So at an operating margin level, our business in Latin America and ASEAN, the two regions where we're really strong is somewhat similar. And BEI as a percentage of net revenue was down 80 basis points. Nutrition. Reckitt, which also makes Nurofen tablets and Lysol cleaning products, will continue to implement its current strategy under Durante, the company added. How would we balance that? And how long this journey might take? Now separately, let me just refer to the situation in the U.S. related to the infant formula market. So turning to our view on capital allocation. The impact of price and mix for the year was 9.8%, and volumes for the year were down 2.2%. Following up on the U.S. Nutrition business, and this is a best-in-class performance. See here for a complete list of exchanges and delays. Popular; COVID-19 Related; . We delivered broad-based mid-single-digit growth across our portfolio, except for Lysol.
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