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PZC Pz Cussons Plc

101.00
6.40 (6.77%)
24 Apr 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Pz Cussons Plc LSE:PZC London Ordinary Share GB00B19Z1432 ORD 1P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  6.40 6.77% 101.00 100.20 100.40 101.60 96.50 96.50 2,492,909 16:35:22
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Soap And Other Detergents 656.3M 36.4M 0.0849 11.97 435.58M

PZ CUSSONS PLC Trading update (0251C)

13/06/2019 7:00am

UK Regulatory


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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 
 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

END

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(END) Dow Jones Newswires

June 13, 2019 02:00 ET (06:00 GMT)

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