Reckitt Benckiser say demand for Dettol being driven higher by Coronavirus

Reckitt Benckiser say demand for Dettol being driven higher by Coronavirus

The firm is working along side health authorities around the world

Consumer healthcare giant Reckitt Benckiser said the coronavirus outbreak has helped to drive greater demand for its Dettol and Lysol hygiene products.

The company said it is also working alongside public health authorities across the world in a bid to provide people in areas affected by the virus with more information about the necessary hygiene measures.

It added that the outbreak has resulted in "increased online activity" for its consumers in China, but that the firm is "seeing some disruption to offline retailers, distribution channels and the supply chain connected to China".

Nevertheless, RB said it is currently "too early" to assess the impact of coronavirus on the operational and financial performance of the group.

The London-listed firm provided the update as it slumped to a £1.9 billion operating loss for the year despite increasing sales.

The major loss was driven by a £5 billion impairment of goodwill which resulted from its acquisition of the Mead Johnson nutrition business.

Published: by Radio NewsHub
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