Reckitt Benckiser: recent cyber attack could hit revenue permanently

Reckitt Benckiser: recent cyber attack could hit revenue permanently

Having suffered a malware cyber attack last month, Reckitt Benckiser has indicated that it expects like-for-like revenue growth to be adversely affected to the tune of 2 percent in the second quarter of fiscal 2017, according to a report published by the BBC, and has revised its full-year net revenue growth forecast to 2 percent, down from 3 percent.

The UK-based FMCG giant has also warned that sales could be affected ‘permanently’ after the bug wiped manufacturing and ordering systems across 60 countries.

The attack has now been ‘largely contained’ says Reckitt Benckiser and is thought to have originated from the Ukraine.

“The attack did disrupt the company’s ability to manufacture and distribute products to customers in multiple markets across the RB Group,” said the company in a statement. “Consequently, we were unable to ship and invoice some orders to customers prior to the close of the quarter. Some of our factories are currently still not operating normally but plans are in place to return to full operation. However, the continued production difficulties in some factories mean that we also expect to lose some further revenue permanently.”