Financial Performance And Growth PotentialRKT plans to divest what it calls 'Essential Homecare' with sales of £1.9bn, which could result in cash inflow of up to £5bn pre-tax, potentially returning value to shareholders.
Market Share And Business MomentumThe company's market share in Health & Hygiene divisions improved markedly, moving from approximately 43% to approximately 60% of sales, holding and gaining share.
Strategic Initiatives And ReorganizationReckitt announced a broad-based strategic update, with the company seeking to exit approximately 30% of its Hygiene business alongside exploring strategic options for its Nutrition business and announcing an acceleration to its fixed cost optimisation programme.