By Joe Hoppe

Reckitt Benckiser Group PLC said Thursday that its first quarter saw sustained group growth of 13.3%, as demand for its health and hygiene products soared in the wake of the coronavirus pandemic. The company also backed its view for 2020.

Reckitt--which sells Lysol and Dettol products and Durex condoms--said net revenue in the three months to March 31 stood at 3.52 billion pounds ($4.38 billion), driven by an underlying growth in consumption and pantry loading thanks to government restrictions on movement in key markets.

Reckitt said it now expects performance for 2020 to be better than original expectations, though warned the outlook for the majority of 2020 remains uncertain with significant coronavirus-related challenges across its markets.

The company added that its new organizational structure to rejuvenate growth is expected to be in place by July 1 and, while there might be changes to the pace of some investments, it was on track to deliver sustained mid-single digit organic revenue growth by 2025.

Write to Joe Hoppe at joseph.hoppe@wsj.com

(END) Dow Jones Newswires

April 30, 2020 02:51 ET (06:51 GMT)

Copyright (c) 2020 Dow Jones & Company, Inc.
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