PZ CUSSONS PLC Trading update (0251C)
13 June 2019 - 4:00PM
UK Regulatory
TIDMPZC
RNS Number : 0251C
PZ CUSSONS PLC
13 June 2019
13 June 2019
PZ Cussons Plc
(the "Group")
TRADING UPDATE
PZ Cussons Plc, a leading international consumer products group,
today issues the following trading update in respect of the year
ended 31 May 2019.
Overview
Full year profit expectations remain in line with the guidance
issued at the time of the interim results in January, and
reiterated again in the April trading update, with profit before
tax and exceptional items for the year expected to be close to
GBP70m.
The expected outturn for the year reflects a resilient
performance in Europe and Asia driven by product innovation and
renovation as well as distribution expansion, and with the Group's
beauty division performing particularly well. Performance in Africa
has continued to be disappointing as a result of the macro economic
situation in Nigeria and the challenging conditions at the
port.
The Group's balance sheet remains strong with net debt lower
than the previous year close.
Full year results and update on strategic initiatives
Full year results will be released on 23 July 2019 together with
a formal presentation to analysts and investors which will include
detail on the Group's previously indicated strategic
initiatives.
Director change
The Company has today separately announced a change in the Board
of Directors.
- ENDS -
For further information contact:
PZ Cussons Plc Tel: 0161 435 2275
Alan Bergin, Commercial Finance
Director
Instinctif Tel: 020 7457 2020
Tim Linacre / Guy Scarborough
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END
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