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Final Results for the year ended 31 May 2017


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•    Solid performance with profit before tax slightly ahead of the prior year despite a challenging macro environment particularly in the Group’s largest market of Nigeria
•    Brand shares maintained or growing in all the Group’s major markets and categories
•    Successful on time completion of three year project to implement SAP in all markets
•    Strong balance sheet with net debt at 1.1 x EBITDA
•    Dividend increased 2.1% marking 44th consecutive year of year on year increases

•    All businesses in Nigeria traded relatively well despite significant year-on-year currency devaluation and lack of liquidity
•    Group’s diverse brand portfolio working well with product offerings at all price points catering for a consumer under significant inflationary pressure 

•    Strong second half performance in Asia driven by continued improvement of results in Australia 
•    A further year of good growth momentum in Indonesia with new product launches performing well 

•    Robust performance in UK washing and bathing division underpinned by product renovation and despite competitive market conditions
•    Significant innovation within Beauty division including the launch of a new range of products targeting millennials under the Being by Sanctuary sub-brand


Commenting today, Caroline Silver (Chair) said:

“The Group has delivered a solid set of results with profits slightly ahead of the previous year. This is despite a significant year-on-year currency devaluation in the Group’s largest market Nigeria and general tough trading conditions in most of the markets in which we operate.

Our strategy of ongoing brand innovation and renovation continues to underpin the Group’s ability to maintain or grow our market shares. 

During the year we completed a number of significant launches including a refresh of the Group’s largest brand Imperial Leather, a relaunch of the Cussons Kids range in Indonesia and the launch of a new range of products within the Beauty division specifically targeting the millennial consumer.

In Nigeria, our experience and flexibility to ensure our products are sold in the right sizes and at the right price points has enabled us to deliver a creditable result against the backdrop of a weaker currency and poor liquidity. 

The successful completion of the three year project to implement a standard SAP solution across the Group marks an important step towards completion of the transformation agenda and positions the Group well to deliver future growth.

Despite consumer confidence remaining fragile in most markets, the Group remains well placed to deliver full year expectations and, with a strong balance sheet, to pursue growth opportunities as they arise.

The Board is pleased to declare a final dividend of 5.61p, which represents the Company’s 44th consecutive year of full year dividend growth.”

Investor presentation - Final results for the year ended 31 May 2018

Presentation to support the final results for the year ended 31 May 2018, announced on Tuesday 24 July 2018.

Click here to view the presentation.


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


Final Results for the year ended 31 May 2016

PZ Cussons Plc announces its final results for the year ended 31 May 2016.