Pz Cussons Regulatory News (PZC)

8 Apr 2008 07:00

PZ CUSSONS PLC08 April 2008 8 April 2008 PZ Cussons Plc (the "Group") Interim Management Statement PZ Cussons Plc today issues the following interim management statement whichcovers 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 inline with management expectations. In particular, revenue and profitability growth in the Group's key markets, theUK and Nigeria, continues to be strong. Trading in Indonesia was in line with plan. In Australia, despite a continuingcompetitive market, cost reduction initiatives are contributing to improvementin results in the second half of the year. The financial position of the Company remains strong with cash generation duringthe period in line with expectations. Major initiatives The Sanctuary, acquired at the end of January 2008, has continued to performwell under the Group's ownership and is in line with plan. Construction of the new UK personal wash manufacturing facility is also onschedule. Outlook The outlook for the full year remains positive and in line with expectationsdespite continued significant increases in commodity costs. The Group iscurrently able to mitigate these additional costs by increasing selling pricesand margin improvement initiatives. A further trading update will be made on 5th June 2008 after the close of thefinancial year, ahead of preliminary results to be announced on 29th July 2008. Enquiries: PZ Cussons PlcGraham Calder/Brandon Leigh Tel: 0161 491 8000 Hogarth Partnership LimitedJohn Olsen/Sarah MacLeod/Sarah Richardson Tel: 020 7357 9477 This information is provided by RNS The company news service from the London Stock Exchange