Jul
06
How Much Did Cyberattack Cost Reckitt Benckiser? Try $117 Million
Posted in: Uncategorized
Reckitt Benckiser Group cut its full-year sales forecast after a global cyberattack last month disrupted manufacturing and distribution, in the first detailed indication of the financial toll by a major company.
The maker of Air Wick fresheners and Dettol cleaners expects sales to rise about 2% on a like-for-like basis, Reckitt Benckiser said in a statement Thursday. Previously it forecast 3% growth.
“This is more than we were expecting,” RBC Capital Markets analyst James Edwardes Jones said in a note. The shares fell as much as 3.2% in early London trading.
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