Check out our new Timeline feature to give you the latest updates on all the stocks you follow. Clickhere to set up your Timeline.

Less Ads, More Data, More Tools Register for FREE
Sponsored Content
Don't want ads? Click here
Sponsored Content
Don't want ads? Click here

Pin to quick picksPz Cussons Share News (PZC)

Share Price Information for Pz Cussons (PZC)

London Stock Exchange
Share Price is delayed by 15 minutes
Get Live Data
Share Price: 80.00
Bid: 79.90
Ask: 80.60
Change: 1.80 (2.30%)
Spread: 0.70 (0.876%)
Open: 76.50
High: 80.60
Low: 76.50
Prev. Close: 78.20
PZC Live PriceLast checked at -

Watchlists are a member only feature

Login to your account

Timelines are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

PZ Cussons sees strong start to Q1 as annual profits fall

Thu, 22nd Sep 2022 07:01

(Sharecast News) - Consumer goods giant PZ Cussons said first quarter like-for-like sales rose 6.7% on the back of higher prices as it also reported a fall in annual profits due to lower revenues and brand impairment.

The maker of Imperial Leather soap said pre-tax profit fell 8.7% to £65.3m as revenue fell 1.7% to £592.8m.

Cussons said revenues in the three months to September 3 had risen to £162.7m with performance driven by Africa and APAC, with particularly strong growth in Morning Fresh in Australia and Premier in Nigeria.

Cost inflation hit record levels with raw material prices and freight costs surging, which in turn led to an 11% increase in the cost of sales compared to the prior year - or an extra £40m.

However, the group said it was able to offset price rises by pushing through price changes and cost initiatives throughout the year.

In Europe and Americas, Sanctuary Spa and Original Source grew strongly, but this was more than offset by the decline in the hand hygiene category impacting Carex, while St. Tropez also declined as a result of "very challenging comparatives", the company said on Thursday.

Baby care product maker Childs Farm, which Cussons bought last March, was "progressing well", with a number of operational improvements already made.

"Notwithstanding the significant challenges related to cost inflation and consumer spending, which will remain uncertain over the coming months, we expect to deliver FY23 results in line with current consensus estimates," it added.

"Along with the wider consumer goods industry, we have experienced a number of challenges, with supply chains still fragile from Covid-19 being further impacted by the war in Ukraine."

"We have seen record levels of inflation across a number of raw materials and spikes in the cost of freight and other logistics. As expected, a further consequence in recent months has been a squeeze on household budgets in various parts of the world."

Reporting by Frank Prenesti at Sharecast.com

More News
13 Oct 2022 15:41

UK dividends calendar - next 7 days

Read more
22 Sep 2022 12:09

LONDON MARKET MIDDAY: BoE raises key UK rate by half point to 2.25%

(Alliance News) - Stocks in London were trading in the red at midday on Thursday after the Bank of England raised UK interest rates by half a percentage point to 2.25%.

Read more
22 Sep 2022 09:29

TOP NEWS: PZ Cussons lifts annual payout by 5% despite profit fall

(Alliance news) - PZ Cussons PLC on Thursday posted a "resilient" performance in the most recent financial year, with dips in both revenue and profit amid a "challenging" market backdrop, but it raised its annual dividend by just over 5%.

Read more
15 Sep 2022 15:58

UK earnings, trading statements calendar - next 7 days

Read more
27 Jun 2022 12:08

LONDON MARKET MIDDAY: Stocks rise as aggressive rate hike fears ease

(Alliance News) - Stock prices in London were higher at midday on Monday on hopes that central banks are getting control over inflation, meaning that interest rates may not have to rise as high as previously expected.

Read more
27 Jun 2022 09:31

PZ Cussons trading meets expectations as Must Win Brands sales recover

(Alliance News) - PZ Cussons PLC on Monday said trading in its financial fourth quarter was in line with expectations despite a challenging business environment.

Read more
27 Jun 2022 09:09

LONDON MARKET OPEN: Stocks rise as Asia rallies; Biffa falls on delay

(Alliance News) - Stock prices in London opened higher on Monday amid hopes of less aggressive monetary policy tightening by central banks, while Biffa shares fell after a delay to the publication of its annual results.

Read more
27 Jun 2022 07:58

LONDON MARKET PRE-OPEN: AstraZeneca breast cancer drugs recommended

(Alliance News) - Stock prices in London are seen opening higher on Monday following a strong close in the US on Friday and a rally across Asian markets, amid gatherings of world leaders and central bankers at separate meetings in Europe this week.

Read more
27 Jun 2022 07:03

PZ Cussons sees group revenue growth of 3%

(Sharecast News) - UK consumer goods and healthcare company PZ Cussons said it expected annual group revenue of around £590m with like-for-like growth of 3%.

Read more
21 Jun 2022 09:37

LONDON BROKER RATINGS: JPMorgan downgrades Asos, boohoo and AB Foods

(Alliance News) - The following London-listed shares received analyst recommendations Tuesday morning:

Read more
20 May 2022 14:35

IN BRIEF: PZ Cussons issues statement on re-election of two directors

PZ Cussons PLC - Manchester-based manufacturer of personal care brands - Issues explanation for why at least 20% of shares cast votes against the re-election of two directors at its annual general meeting in November. Says reason are concerns from a small number of "significant shareholders over remuneration targets and non-executive director share ownership". Firm ensures it has engaged with shareholders on these issues and will continue to do so. "The board continues to keep its remuneration policy under review to ensure it aligns with regulatory requirements and incorporates feedback from stakeholders where practicable," PZ Cussons adds.

Read more
13 Apr 2022 10:35

PZ Cussons backs financial 2022 guidance on third quarter growth

(Alliance News) - PZ Cussons PLC said on Wednesday said it has seen a continued improvement in revenue trends following a decline in the first quarter of its financial year, which ends May 31.

Read more
13 Apr 2022 07:51

LONDON MARKET PRE-OPEN: UK inflation rips to 30-year high; GSK buys

(Alliance News) - Stocks in London were called flat on Wednesday morning as investors digest surging UK inflation data, which follows on the heels of red-hot consumer prices in the US and Germany.

Read more
13 Apr 2022 07:42

PZ Cussons Q3 revenues rise as inflation to have 'limited' impact

(Sharecast News) - Consumer goods group PZ Cussons said third quarter sales rose 8.5% driven by its price-to-discount mix as it maintained volumes during the period.

Read more

Free Investment Tools

Register for FREE

Login to your account

Don't have an account? Click here to register.

Quickpicks are a member only feature

Login to your account

Don't have an account? Click here to register.