Haleon Reports 2023 Pretax Profit Increase

Haleon Reports Increase in Pretax Profit for 2023

Haleon recently announced that its pretax profit for 2023 has slightly increased, supported by better-than-expected sales. The positive volume, price, and organic growth were seen across all categories and regions. The company has also backed its targets for 2024.

Financial Highlights

• Pretax Profit: The consumer-healthcare business reported a pretax profit of 1.63 billion pounds, a slight increase from the previous year.

• Adjusted Pretax Profit: However, the adjusted pretax profit fell to GBP2.18 billion, missing market expectations.

• Revenue Growth: Revenue came in at GBP11.30 billion, showing organic revenue growth of 8%.

• Operating Profit: Adjusted operating profit rose 10.4% at constant currency to GBP2.55 billion.

Dividend and Future Outlook

• Dividend: The board declared a final dividend of 4.2 pence a share, bringing the total dividend to 6.0 pence a share.

• 2024 Targets: The company backed its 2024 target of organic revenue growth range of 4% to 6%, with expectations for organic operating profit growth to be ahead of revenue growth.

These results indicate that Haleon is on track to achieve its goals, maintaining a strong performance in the market.