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PZ Cussons Reports 2011 Six-Month Financial Results
Posted: February 7, 2012
page 3 of 3
Elsewhere, the company expects that the trading environment will continue to be difficult in some markets given increasing pressures on consumer spending power, continued high levels of promotional activity in developed markets and the U.K. in particular, and ongoing high levels of input costs. At the same time, positive growth rates experienced in the first half, particularly in U.K., Indonesia and Nigeria, give cause for optimism together with input costs now stabilizing albeit at a high level. The company also continues to place a significant focus on brand renovation and further margin improvement.
Performance for the group in the coming months will depend in part on the severity of any further disruption in Nigeria, as well as any impact on consumer disposable income from removal of the fuel subsidy. PZ Cussons anticipates results for the full year will be toward the bottom end of the range of current expectations. Also, recent investments in both acquisitions and capital projects are proving successful and are an important element of the company’s future growth plans. The recent acquisition of Fudge further strengthens the beauty division with excellent opportunity for growth of all its brands both in the U.K. and overseas, and its strong financial position will enable PZ Cussons to invest in further attractive growth opportunities in our core markets.