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Trading statements

PZ Cussons says overall H1 performance in line

15 December 2016 07:26

PZ Cussons said its overall H1 performance has been in line with expectations, with profits broadly flat versus the comparative period.

"The Group's balance sheet remains strong with cash generation for the period also in line with expectations," it said in a statement.

FULL-YEAR OUTLOOK:

"The strength of the Group's brand portfolio and innovation pipeline continues to ensure that the market shares of our products remain strong in all markets despite tough trading conditions," PZ Cussons said.

"Brand renovation and innovation will underpin the trading result in the second half in Europe and Asia, with various mitigating actions planned across the UK businesses to counter higher costs.

"In Nigeria, the brand portfolio is well positioned for peak season in the country with the Group's heritage and experience serving it well through very challenging macro conditions.

"The Group's balance sheet remains strong and well placed to pursue new opportunities as they arise."

Story provided by StockMarketWire.com

Related Company: PZC

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