Reckitt's flat sales disappoint as problems persist

By Martinne Geller | LONDON

LONDON British consumer goods maker Reckitt Benckiser (RB.L) reported flat like-for-like sales for the first quarter that missed analysts’ estimates, hurt by the ongoing fallout from weak markets in Europe and North America, a South Korean safety scandal and a failed new Scholl product.

Still, the maker of Durex condoms, Lysol spray and Nurofen tablets said sales should improve over the course of the year, and stood by its target for full-year sales growth of 3 percent.

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