You are here

Final Results for the year ended 31 May 2015


Click here to read the full statement.




• Revenue and operating profit growth of 2.3% and 2.7% respectively on a like for like basis
• Extensive brand renovation and innovation program driving growth in all regions
• Reported results reflect the negative exchange impact from weakening currencies and the net impact of acquisitions and disposals
• Australian food brand five:am acquired in August for initial consideration of £44.8m in cash and performing well
• Buy-out in April of joint venture partner of Nigerian beverage business for £21m in cash and performing well
• Strong balance sheet with net debt at 1.2 x EBITDA following acquisitions
• Dividend increased 3.1% marking 42nd consecutive year of year on year increases


• Underlying growth in revenue and operating profit in Nigeria despite tough trading conditions during the year
• Good progress in developing PZ Wilmar joint venture with growth in revenue from £194m to £225m


• Continued growth in Indonesia in both Baby Care and non-Baby Care portfolios
• Recent Food & Nutrition acquisitions in Australia performing well and mitigating tough trading conditions in Home and Personal Care


• UK Washing and Bathing division performing well driven by an exciting innovation pipeline
• Good performance in Beauty division particularly across St Tropez and Sanctuary brands


Commenting today, Richard Harvey (Chairman) said:

“I am pleased to report a solid performance in the year to 31 May 2015, as well as the completion of several strategic initiatives.

Despite tough trading conditions, particularly in our largest market Nigeria, underlying revenue and operating profit grew 2.3% and 2.7% respectively, and our market share positions were either held or grown in our core categories.

As part of our long-term strategy to focus the Group’s portfolio on higher growth, value add businesses, a number of strategic initiatives were successfully completed in the year. To develop our Food & Nutrition Category further and to create a broader portfolio for expansion into South East Asia we acquired the Australian food brand five:am early in the financial year, following the acquisition last year of the Rafferty’s Garden brand. In addition, we now own 100% of our Nigerian beverage business after completing the buy-out of Nutricima from our joint venture partner.

The Group’s balance sheet remains strong with net debt of 1.2 x EBITDA at the year-end. The strength of our balance sheet gives us the flexibility to further evolve the Group’s portfolio into new areas of growth and to take advantage of new investment opportunities as they arise.

The Board is pleased to declare a further increase in the full year dividend, marking 42 consecutive years that we have increased our dividend year-on-year, every year.

Performance since the year-end has been in line with expectations. Whilst the outlook remains challenging, the Group’s focus on its values, robust long-term strategy, our innovative product pipeline, and the strategic steps we have taken, provide a strong and exciting platform for future sustainable growth.”


Trading Update 15 March 2018

PZ Cussons Plc announces its trading update in respect of the year ended 31 May 2018.

Click here to download PDF


Interim Management Statement

PZ Cussons Plc today issues the following interim management statement which covers the period 22 January 2014 to 9 April 2014.

Click here to read the statement


Appointment of new Non-executive Director

Change to the Board of Directors
Appointment of a new Non-executive Director

PZ Cussons plc (“PZ Cussons” or the “Company”) is pleased to announce that John Nicolson joined the Board as a Non-executive Director on 1 May 2016.