Picture of Reckitt Benckiser logo

RKT — Reckitt Benckiser News Story

0.000.00%
gb flag iconLast trade - 00:00
Consumer DefensivesBalancedLarge CapHigh Flyer

Iran war inflationary effects will be seen over time, Reckitt CEO says

Iran war inflationary effects will be seen over time, Reckitt CEO says

- Reckitt Benckiser RKT.L CEO Kris Licht said on Tuesday that the maker of goods from Dettol to Durex expected a delayed inflationary hit from the Iran crisis.

Licht was speaking in an interview at the Reuters NEXT Europe summit in London.

"We're really just at the beginning of seeing all that come through and affect the consumer," he said.

"There's going to be a more profound movement through a whole series of feedstocks and commodities over the next six to 12 months."

Consumer goods companies are navigating a tough global environment with weak consumer sentiment and higher costs and supply disruptions as a result of the Iran war. Reckitt's share price is down around 23% so far this year.

View the Reuters Next live broadcast of the World Stage here, and read full coverage here.


(Reporting by Alessandro Parodi and Izabela Niemiec in Gdansk, Alexander Marrow in London, editing by Hugh Lawson)

((Alessandro.Parodi@thomsonreuters.com;))

Recent news on Reckitt Benckiser

See all news