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Pin to quick picksPz Cussons Share News (PZC)

Share Price Information for Pz Cussons (PZC)

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Share Price: 90.60
Bid: 90.30
Ask: 90.70
Change: -1.60 (-1.74%)
Spread: 0.40 (0.443%)
Open: 93.30
High: 93.30
Low: 90.30
Prev. Close: 92.20

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PZ Cussons backs FY expectations as Q3 revenues rise

Thu, 13th Apr 2023 06:58

(Sharecast News) - Imperial Leather maker PZ Cussons backed its full-year expectations on Thursday as it posted a rise in third-quarter revenues as price increases underpinned margins.

In the quarter to 4 March, like-for-like revenues grew 6.2% to £166m, marking the sixth consecutive quarter of revenue growth. Cussons said this was driven mainly by price/mix improvements.

Cussons said Europe & the Americas were back to strong revenue growth, up 9.9% on a LFL basis to £49.3m, and with "significantly improved" margin. It hailed "particularly strong" performances from St. Tropez US and the combined Imperial Leather and Cussons Creations portfolio.

Meanwhile, Asia Pacific LFL revenues grew 1% to £47.6m, driven by strong growth in Australia.

Africa saw a 7.7% jump in LFL revenues to £68.4m. Cussons said strong trading in December and January was partly offset by disrupted demand in Nigeria in February due to bank note changes and the elections.

Cussons said it expects FY23 adjusted pre-tax profit to be "at least in line" with current market estimates of £68.1m.

Chief executive Jonathan Myers said: "We have delivered another quarter of mid-single digit revenue growth, in line with our longer-term ambition. This represents a sixth consecutive quarter of growth, with the business underpinned by the strength and depth of our portfolio and our ongoing strategy to invest behind our brands, build internal capabilities and serve consumers better.

"As anticipated, performance has strengthened in Europe & the Americas, with a return to revenue growth and a marked improvement in profitability in the quarter. As a result, we remain confident in delivering against FY23 expectations and that further strategic progress will be made in the balance of FY23 and into FY24."

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18 Sep 2024 15:03

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(Sharecast News) - London's stock markets closed lower on Wednesday, as investors digested the latest UK inflation figures and looked ahead to the US Federal Reserve's policy announcement later in the day.

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18 Sep 2024 09:40

TOP NEWS: PZ Cussons swings to loss hurt by ongoing forex pain

(Alliance News) - Carex owner PZ Cussons PLC slashed the dividend on Wednesday in response to falling sales and foreign exchange headwinds.

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18 Sep 2024 07:49

LONDON BRIEFING: Legal & General sells CALA arm for GBP1.35 billion

(Alliance News) - The FTSE 100 is called to open lower on Wednesday, as investors digest a UK inflation reading, and look ahead to a US interest rate decision later.

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18 Sep 2024 07:18

PZ Cussons reports drop in full-year revenue, profit

(Sharecast News) - Consumer goods company PZ Cussons reported a 10.6% drop in full-year revenue to £527.9m on Wednesday, primarily due to the significant devaluation of the Nigerian naira against sterling.

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11 Sep 2024 14:18

UK earnings, trading statements calendar - next 7 days

Thursday 12 September 
Aquis Exchange PLCHalf Year Results
Brooks Macdonald Group PLCFull Year Results
Checkit PLCHalf Year Results
Fevertree Drinks PLCHalf Year Results
Harworth Group PLCHalf Year Results
Inspired PLCHalf Year Results
Keystone Law Group PLCHalf Year Results
Kier Group PLCFull Year Results
North Atlantic Smaller Cos Investment Trust PLCHalf Year Results
Oakley Capital Investments LtdHalf Year Results
Renishaw PLCFull Year Results
Spire Healthcare Group PLCHalf Year Results
Trainline PLCTrading Statement
Friday 13 September 
Bioventix PLCTrading Statement
RTW Biotech Opportunities LtdHalf Year Results
Monday 16 September 
Facilities by ADF PLCHalf Year Results
Greencoat Renewables PLCHalf Year Results
HgCapital Trust PLCHalf Year Results
HydrogenOne Capital Growth PLCHalf Year Results
Keywords Studios PLCHalf Year Results
MP Evans Group PLCHalf Year Results
Wilmington PLCHalf Year Results
Tuesday 17 September 
City of London Investment Group PLCFull Year Results
Billington Holdings PLCHalf Year Results
CPPGroup PLCHalf Year Results
Diaceutics PLCHalf Year Results
Dillistone Group PLCHalf Year Results
DP Poland PLCHalf Year Results
EJF Investments LtdHalf Year Results
EKF Diagnostics Holdings PLCHalf Year Results
Ferguson Enterprises IncFull Year Results
Fintel PLCHalf Year Results
Franchise Brands PLCHalf Year Results
Good Energy Group PLCHalf Year Results
Headlam Group PLCHalf Year Results
Henry Boot PLCHalf Year Results
IP Group PLCHalf Year Results
Jadestone Energy PLCHalf Year Results
Journeo PLCHalf Year Results
JTC PLCHalf Year Results
Kingfisher PLCHalf Year Results
Kooth PLCHalf Year Results
Learning Technologies Group PLCHalf Year Results
Litigation Capital Management LtdFull Year Results
McBride PLCFull Year Results
Next PLCHalf Year Results
Northcoders Group PLCHalf Year Results
Octopus Renewables Infrastructure Trust PLCHalf Year Results
Petershill Partners PLCHalf Year Results
Springfield Properties PLCFull Year Results
Team Internet Group PLCHalf Year Results
Team17 Group PLCHalf Year Results
TruFin PLCHalf Year Results
Warpaint London PLCHalf Year Results
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Argentex Group PLCHalf Year Results
Foresight Solar Fund LtdHalf Year Results
LBG Media PLCHalf Year Results
M&C Saatchi PLCHalf Year Results
MJ Gleeson PLCFull Year Results
Moonpig Group PLCTrading Statement
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2 Jul 2024 09:47

LONDON BROKER RATINGS: Deutsche Bank cuts Quilter, ups Polar Capital

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26 Jun 2024 09:17

PZ Cussons sees full-year profit in line despite currency challenges

(Alliance News) - PZ Cussons PLC on Wednesday said trading in the last quarter of the financial year was in line with management expectations despite an adverse movement in the value of the Nigerian naira.

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26 Jun 2024 07:43

LONDON BRIEFING: Phoenix puts SunLife up for sale; AO World profit up

(Alliance News) - London's FTSE 100 is called to open higher on Wednesday, recovering some lost ground after a tentative start to the final week of the quarter.

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26 Jun 2024 07:18

PZ Cussons ends year as expected amid currency headwinds

(Sharecast News) - PZ Cussons said in an update on Wednesday that trading in the final quarter of the financial year, which ended on 31 May, met management expectations.

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30 Apr 2024 09:46

LONDON BROKER RATINGS: Deutsche says buy Barr, Britvic and Fevertree

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24 Apr 2024 17:06

CORRECT: No record close for FTSE 100; mixed trade in US

(Correcting day of the week in the opening sentence.)

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24 Apr 2024 17:00

LONDON MARKET CLOSE: No record close for FTSE 100; mixed trade in US

(Alliance News) - Stock prices in London closed lower on Thursday, with the FTSE 100's recent rally taking a pause for breath, but not after hitting another record high.

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24 Apr 2024 15:09

London close: Stocks finish weaker after earlier gains

(Sharecast News) - London markets closed the day weaker on Wednesday, reversing earlier gains as Wall Street stocks opened lower, although mining stocks remained above the waterline.

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24 Apr 2024 10:11

PZ Cussons looks to sell St Tropez in push to add glow to share price

(Alliance News) - PZ Cussons PLC on Wednesday said it intends to sell its self-tanning brand, St Tropez, and review its African operations, as part of a strategic drive to improve shareholder returns.

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