PZ CUSSONS PLC
08 April 2008
8 April 2008
PZ Cussons Plc
(the 'Group')
Interim Management Statement
PZ Cussons Plc today issues the following interim management statement which
covers the period 30th January 2008 to 7th April 2008.
Financial performance and position
PZ Cussons Plc is pleased to announce that results for the period have been in
line with management expectations.
In particular, revenue and profitability growth in the Group's key markets, the
UK and Nigeria, continues to be strong.
Trading in Indonesia was in line with plan. In Australia, despite a continuing
competitive market, cost reduction initiatives are contributing to improvement
in results in the second half of the year.
The financial position of the Company remains strong with cash generation during
the period in line with expectations.
Major initiatives
The Sanctuary, acquired at the end of January 2008, has continued to perform
well under the Group's ownership and is in line with plan.
Construction of the new UK personal wash manufacturing facility is also on
schedule.
Outlook
The outlook for the full year remains positive and in line with expectations
despite continued significant increases in commodity costs. The Group is
currently able to mitigate these additional costs by increasing selling prices
and margin improvement initiatives.
A further trading update will be made on 5th June 2008 after the close of the
financial year, ahead of preliminary results to be announced on 29th July 2008.
Enquiries:
PZ Cussons Plc
Graham Calder/Brandon Leigh Tel: 0161 491 8000
Hogarth Partnership Limited
John Olsen/Sarah MacLeod/Sarah Richardson Tel: 020 7357 9477
This information is provided by RNS
The company news service from the London Stock Exchange
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