LONDON (ShareCast) - (ShareCast News) - New products and major campaigns have helped PZ Cussons remain on track for the last four months.
The consumer products group issued a trading statement on Tuesday ahead of its AGM.

It said the financial position of the group remains strong with cash generation also in line with expectations.

Product launches and its innovative product pipeline have helped the business make progress in challenging markets.

In the UK, performance in the washing and bathing division has been driven by an exciting innovation pipeline and the launch of a brand new range of Carex bodywash products.

The beauty division also performed well across its key markets with St Tropez's new gradual tan in shower lotion performing particularly well.

The Sanctuary brand has also performed well supported by a new #LetGO campaign.

In Asian markets, a further weakening in exchange rates is increasing local costs and reducing consumer disposable income and reducing results on translation to sterling.

However, its performance has been mostly in line with expectations, and in Indonesia revenue growth was strong despite a challenging environment with slower GDP growth and a weaker exchange rate.

Performance in the smaller markets of Thailand and the Middle East has been in line with expectations.

The company noted that weakening exchange rates, especially in Australia, Indonesia and Nigeria is a key ongoing challenge.

But the strength of the Group's new product pipeline and the success of recent product launches leave the Group well placed to counter these challenges.

The group will update the market again in December.

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