PZ CUSSONS PLC
06 December 2007
6 December 2007
PZ Cussons Plc
(the 'Group')
TRADING UPDATE
PZ Cussons Plc announces its trading update in respect of the half year to 30
November 2007.
First half trading
PZ Cussons is pleased to confirm that results for the first half of the
financial year have been in line with management expectations, with improvements
in both sales and profitability compared to the same period last year.
Update on key projects
Construction of the group's 'Personal Wash Centre of Excellence' in Manchester
is on schedule with production expected to commence during the spring of 2008
followed by completion of the Research and Development and Fragrance Development
Centres by the end of 2008.
Expansion of the manufacturing facilities of the nutrition joint venture in
Nigeria is also on schedule. Additional capacity for the current factory will be
completed by the end of this calendar year with production from the second
factory expected to commence by the end of 2008.
Full year outlook
The outlook for the full year remains positive and in line with expectations,
with additional margin improvement initiatives being actioned to counter the
ongoing impact of rising raw material costs and the further weakening of the
dollar.
Non-executive directors
Mr Mike Smith will retire from the board on 31 May 2008. As announced last
month, Mr Simon Heale will join the board as non-executive director with effect
from 1 January 2008. Simon has held a number of senior management positions both
in the UK and overseas and is currently Chief Executive of 'China Now.'
Interim Announcement
Interim results for the half year to 30 November 2007 will be announced on
Tuesday 29th January 2008.
An analysts' presentation will be given at 9:30am on that day at the offices of
JP Morgan Cazenove, 20 Moorgate, London, EC2R 6DA.
For further information contact:
PZ Cussons Plc Tel: 0161 491 8000
Graham Calder
Hogarth Partnership Limited Tel: 020 7357 9477
John Olsen / Sarah MacLeod / Sarah Richardson
This information is provided by RNS
The company news service from the London Stock Exchange
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