Iran war inflationary effects will be seen over time, Reckitt CEO says
Iran war inflationary effects will be seen over time, Reckitt CEO says LONDON, June 16 (Reuters) - 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.
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(Reporting by Alessandro Parodi and Izabela Niemiec in Gdansk, Alexander Marrow in London, editing by Hugh Lawson)
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