PZ Cussons (PZC)

Sector:

Personal Goods

Index:

FTSE 250

89.70p
   
  • Change Today:
    -1.20p
  • 52 Week High: 205.00
  • 52 Week Low: 85.40
  • Currency: UK Pounds
  • Shares Issued: 428.72m
  • Volume: 689,667
  • Market Cap: £384.57m
  • RiskGrade: 132

PZ Cussons cleans up in third quarter

By Abigail Townsend

Date: Tuesday 27 Apr 2021

LONDON (ShareCast) - (Sharecast News) - PZ Cussons reported a 5% jump in quarterly revenues on Monday, fuelled by strong demand for core hygiene brands such as Carex and Morning Fresh.

Updating on third-quarter trading, the FTSE 250 firm said revenues in the three months to 27 February had grown 4.7%, to £145.3m, with all regions reporting year-on-year rises in both sales and profits.

Its core Must Win brands underpinned the group performance, after sales rose 12%. "Carex in the UK and Morning Fresh in Australia and Nigeria performed strongly, with both brands continuing to meet the evolving hygiene needs of our customers," PZ Cussons noted.

Looking to the current quarter, the firm - which also owns Sanctuary Spa, Imperial Leather, Original Source and St Tropez - said it remained on track to meet market expectations for the full-year.

Jonathan Myers, chief executive, said: "In the final quarter of this current financial year, we intend to continue increasing investment behind building our brands and capabilities to maintain momentum as we move to more normal comparatives.

"We will continue to proactively navigate the volatility of the pandemic, the competitive landscape and commodity cost headwinds, but at the same time remain focused on executing the initial phase of our new strategy."

Shore Capital, which has a 'hold' recommendation on the stock, called the trading update "encouraging".

It added: "PZ Cussons is a business with a strong stable of brands across its markets - UK, Australia, Indonesia and Nigeria - that is engaged in a turnaround after an extended period of under-investment.

"Early progress has been very strong, in the main aided by Covid tailwinds, although we expect headline sales figures to come under pressure through the fourth quarter and first quarter of the 2022 full year, as the group facings trading icebergs presented by the initial Covid-driven lockdowns in Spring 2021."

As at 1100 GMT, shares in PZ Cussons were flat at 268.7p.

Email this article to a friend

or share it with one of these popular networks:


Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

 

PZ Cussons Market Data

Currency UK Pounds
Share Price 89.70p
Change Today -1.20p
% Change -1.32 %
52 Week High 205.00
52 Week Low 85.40
Volume 689,667
Shares Issued 428.72m
Market Cap £384.57m
RiskGrade 132

PZ Cussons Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
80.24% above the market average80.24% above the market average80.24% above the market average80.24% above the market average80.24% above the market average
100.00% above the sector average100.00% above the sector average100.00% above the sector average100.00% above the sector average100.00% above the sector average
Price Trend
75.43% below the market average75.43% below the market average75.43% below the market average75.43% below the market average75.43% below the market average
38.46% below the sector average38.46% below the sector average38.46% below the sector average38.46% below the sector average38.46% below the sector average
Income
72.73% above the market average72.73% above the market average72.73% above the market average72.73% above the market average72.73% above the market average
100.00% above the sector average100.00% above the sector average100.00% above the sector average100.00% above the sector average100.00% above the sector average
Growth
63.55% below the market average63.55% below the market average63.55% below the market average63.55% below the market average63.55% below the market average
50% below the sector average50% below the sector average50% below the sector average50% below the sector average50% below the sector average

What The Brokers Say

Strong Buy 2
Buy 0
Neutral 2
Sell 0
Strong Sell 0
Total 4
buy
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

PZ Cussons Dividends

  Latest Previous
  Interim Final
Ex-Div 07-Mar-24 02-Nov-23
Paid 04-Apr-24 30-Nov-23
Amount 1.50p 3.73p

Trades for 28-Mar-2024

Time Volume / Share Price
16:35 295,957 @ 89.70p
16:35 1 @ 89.70p
16:35 6,770 @ 89.70p
16:35 1,053 @ 89.70p
16:35 1,052 @ 89.70p

PZ Cussons Key Personnel

CFO Sarah Pollard

Top of Page