London-based consumer healthcare group Haleon Plc (NYSE:HLN) stock is trading lower on Thursday.
Haleon, GSK Plc’s (NYSE:GSK) spun off, reported revenue of 11.23 billion pounds (US$14.19 billion) for 2024. That’s down marginally by 0.6%.
Organic revenue growth was 5.0% with +3.7% price and +1.3% volume/mix with +6.8% organic growth in the fourth quarter.
Adjusted operating profit for 2024 stood at 2.5 billion pounds, down 6.5% at constant currency.
2024 growth was muted compared to recent years. This reflects a combination of lapping strong cold and flu comparatives arising from significantly elevated Contac demand in China in Q1 2023 from the lifting of COVID-19-related restrictions and a softer cold and flu season in H2 2024, particularly in the US.
Digestive Health and Other revenue declined 7.2% to 2 billion.
Guidance: The company projects 2025 organic revenue to grow between 4% and 6%. Haleon expects organic revenue and operating profit growth to be weighted towards the second half of the year.
The company expects a foreign exchange translation headwind of approximately 1.0% and 2.5% to negatively impact net revenue and adjusted operating profit.
“We are well positioned to drive organic revenue growth within our medium-term guidance range, with strong organic profit growth in 2025,” CEO Brian McNamara said in a statement.
Over the medium term, Haleon expects annual organic revenue growth of 4-6%.
Price Action: HLN stock is down 4.12% at $9.78 during the premarket session at the last check Thursday.
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