Strong Organic Sales Growth
Haleon reported that a significant portion of their turnover is growing in excess of 8% in the first half of the year, with expectations for the second half to potentially reach the top end of their 4% to 6% growth range.
Successful Product Launches
The company highlighted strong performances from new product launches, particularly in the Oral Health and VMS (Centrum) segments, driven by scientific claims and geographic expansion.
Share Buyback Program
Haleon continued with its $500 million share buyback program and introduced open market purchases, adding flexibility to its capital return strategy.
Cost Management and Margin Improvement
Gross margin expanded by 150 basis points in H1, driven by pricing, easing inflation, and efficiency improvements.