PZ Cussons: Carex maker backs outlook despite surge in Nigerian currency RETAIL British health and beauty manufacturer PZ Cussons said its on track to deliver a revenue of more than £520m despite the decline in the value of the Nigerian Naira, which it said has had a “significant” impact on its trading.
PZ Cussons shares nosedive 17 per cent after company slashes dividend following Naira devaluation Retail British health and beauty manufacturer PZ Cussons has cut its dividend following a 70 per cent decline in the value of the Nigerian Naira.
PZ Cussons: Carex maker has to pay up for Nigerian arm Retail Carex maker PZ Cussons said it would exit the Nigerian stock exchange earlier this year after the naira was devalued when inflation hit 24.08 per cent.
PZ Cussons: ‘No rush to go shopping’ for further acquisitions until ‘right brands’ available September 22, 2022 PZ Cussons has said it is “not in any rush” to pick up further brands as the Carex maker saw quarterly sales rise. After snapping up the baby goods brand Childs Farm, PZ Cussons was in “no rush” to add more firms to its portfolio, the consumer goods giant’s CEO Jonathan Myers told CityA.M. on [...]
PZ Cussons anticipates higher product prices will boost its revenues and offset economic challenges June 27, 2022 PZ Cussons is on course to post a rebound in revenues amid higher prices for its products and strong marketing.
Smooth deal: PZ Cussons snaps up baby and skincare brand Childs Farm March 21, 2022 Soap giant PZ Cussons has acquired UK baby and child skincare brand Childs Farm. The deal has seen Joanna Jensen, the founder of the fast-growing brand, invest into the PZ Cussons subsidiary which completed the deal. PZ Cussons now owns a 92 per cent stake in the business, valued at £36.8m. The firms said PZ [...]
PZ Cussons adjusted profit declines as headwinds cause Carex sales slump February 9, 2022 Personal healthcare manufacturer PZ Cussons has registered a 9.6 per cent decline in profit after subsidiary Carex reported an easing of demand for personal hygiene products. In the half year ended 30 November, the group’s adjusted operating profit went down to £32.9m while sales slumped 9.3 per cent to £283.7m. Earnings per share also dropped [...]
PZ Cussons: Revenue ahead of pre-pandemic levels despite Covid comparatives September 22, 2021 Personal healthcare brand PZ Cussons said revenues were ahead of pre-pandemic levels despite an unprecedented demand for hygiene brands easing. The firm said it expected comparatives from the beginning of the Covid 19 outbreak to impact its year-on-year revenue comparisons in the first quarter of FY22, in a trading update published on Wednesday. Its two [...]
PZ Cussons predicts better-than-expected profits as Covid-driven cleanliness endures July 1, 2021 Hygiene, baby and beauty brands returned the business to revenue growth, but consumers have calmed down on handwashing since the beginning of the pandemic. Consumer products giant PZ Cussons reported steady revenue growth of 7 per cent across all regions and its hygiene, baby and beauty brands in the financial year to May 31, in [...]
PZ Cussons sees quarterly revenue rise as Carex continues to shine April 27, 2021 Consumer goods group PZ Cussons said its revenue shot up by 4.7 per cent to £145.3m in the third quarter as strong demand for its hygiene products continued. PZ Cussons’ Carex brand performed strongly as it continued to meet the evolving needs of consumers during the pandemic. Looking forward, the company said it remained on [...]