Subscribe Login
DE4CC0DE-5FC3-4494-BCBF-4D50B00366B5
A-Brands

'Very Disappointing' Performance In Africa Impacts PZ Cussons In FY

By Steve Wynne-Jones
Share this article
'Very Disappointing' Performance In Africa Impacts PZ Cussons In FY

Personal care giant PZ Cussons has said that a 'very disappointing' performance in its Africa division has impacted its full-year performance, with the business seeing a 2.6% decline in revenue at constant currency levels.

The business, which produces brands such as Carex and Imperial Leather, posted sales of £689.4 million (€766.1 million) for the full year to 31 May, which was down from £739.8 million the previous year.

Adjusted operating profit was down 9.7% to £76.5 million (€85 million), while the business saw an improvement in net debt, to £152.2 million, due to a 'stronger focus' on cash management, it said.

PLEASE SUBSCRIBE OR SIGN IN TO CONTINUE READING
ESM

30 Day Free Trial

Try European Supermarket Magazine Premium

Enjoy full access to European Supermarket Magazine, our weekly
email news digest, access to all website and app content, and the latest digital
magazine for a full 30 days.

  • - Payment details required during trial sign up.
  • - You may cancel at any time up to the end of the 30-day trial period.
  • - If you continue after the trial perion, then the annual rate of €109+VAT will be debited.
Get the week's top grocery retail news

The most important stories from European grocery retail direct to your inbox every Thursday

Processing your request...

Thanks! please check your email to confirm your subscription.

By signing up you are agreeing to our terms & conditions and privacy policy. You can unsubscribe at any time.