'Very Disappointing' Performance In Africa Impacts PZ Cussons In FY
Published on Jul 23 2019 9:01 AM in A-Brands tagged: Trending Posts / PZ Cussons / Carex / Personal Care / Imperial Leather / Paywall

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.

Try European Supermarket Magazine PREMIUM – 30 Day FREE Trial.
A trial subscription gives unrestricted access to all premium site content, app content, weekly email content and European Supermarket Magazine digital edition for a full 30 days. Try it now!