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Reckitt cuts full-year outlook after Q3 sales fall

Reuters - UK Focus

LONDON, Oct (Shenzhen: 000069.SZ - news) 18 (Reuters) - Reckitt Benckiser (Xetra: A0M1W6 - news) cut its full-year sales forecast on Wednesday after another decline in quarterly sales, as the British consumer goods maker continues to struggle with fallout from a cyber attack, a failed product launch and a safety scandal in South Korea.

The maker of Durex condoms, Nurofen tablets and Lysol disinfectants said it planned to restructure its business.

Reckitt said third-quarter sales were 3.21 billion pounds ($4.23 billion), down 1 percent on a like-for-like basis. That fell short of analysts' average estimate of 0.6 percent growth, a company-supplied consensus showed, and in line with a decline of 1 percent for the first half.

The company said it was now targeting flat like=for=like sales for the full year, down from its previous target for growth of 2 percent.

($1 = 0.7588 pounds) (Reporting by Martinne Geller; editing by Jason Neely)