REG - PZ CUSSONS PLC - Trading Update
Released: 10/06/2010

 
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RNS Number : 3437N
PZ CUSSONS PLC
10 June 2010 
 
10 June 2010 
 
PZ Cussons Plc 
 
(the "Group") 
 
TRADING UPDATE 
 
PZ Cussons Plc today issues the following trading update in respect of the year ended 31 May 2010. 
 
Overview 
 
PZ Cussons Plc is pleased to confirm that its results for the year ended 31 May 2010 are anticipated to be in line with
expectations. 
 
The Group's balance sheet remains healthy with a continued net funds position following strong cash generation during the
period. 
 
Markets 
 
Europe 
 
In the UK, despite the trading environment remaining competitive and a worsening consumer outlook, an excellent pipeline of
innovation has enabled strong profitable growth across the brand ranges of Imperial Leather, Carex, Original Source,
Charles Worthington and The Sanctuary. 
 
Poland has performed well in the year, whilst the economic situation in Greece has resulted in difficult trading
conditions. 
 
Asia 
 
Effective brand renovation together with favourable market conditions has resulted in strong performance across Australia,
Indonesia and The Middle East. 
 
Africa 
 
In Nigeria, the political environment remains stable with the former Vice President now inaugurated as President ahead of
elections scheduled for spring of next year. Economically, liquidity continues to improve and trading during the last few
months across Personal Care, Home Care, Electricals and Nutrition has been robust. 
 
Major Initiatives 
 
In Nigeria, Project Unity, which is the £39m investment in manufacturing and supply chain, is on track for completion
within the next few months. 
 
The Group's major capital investment programme is therefore almost complete. 
 
Preliminary Results 
 
Preliminary results for the year ended 31 May 2010 will be announced on Tuesday 27 July 2010. 
 
An analysts' presentation will be given at 9:30am on that day at the offices of Panmure Gordon, Moorgate Hall, 155 Moorgate
London, EC2M 6XB. 
 
For further information contact: 
 
PZ Cussons Plc                                                                       Tel: 0161 435 1016 
 
Brandon Leigh 
 
Hogarth Limited                                                                     Tel: 020 7357 9477 
 
John Olsen / Sarah MacLeod 
 
This information is provided by RNS
The company news service from the London Stock Exchange