PZ Cussons PLC (CHIX:PZCl)
£ 1.084 +0.0020 (+0.18%) Market Cap: 458.19 Mil Enterprise Value: 555.28 Mil PE Ratio: 0 PB Ratio: 1.96 GF Score: 53/100

Half Year 2025 PZ Cussons PLC Earnings Call Transcript

Feb 11, 2025 / 08:30 AM GMT
Release Date Price: £0.824 (+2.55%)

Key Points

Positve
  • PZ Cussons PLC (FRA:1ZQ) reported solid trading in the UK, Indonesia, and ANZ, with like-for-like revenue growth of 2%.
  • The company achieved a 3rd consecutive quarter of growth in Indonesia, driven by targeted innovation and strengthened retail execution.
  • In ANZ, PZ Cussons PLC's brands demonstrated resilience by growing market share despite market-wide declines.
  • The UK business saw a significant improvement in profitability, supported by overhead efficiencies and increased retail distribution.
  • Net debt reduced from 115 million to 106 million, aided by stronger free cash flow.
Negative
  • The devaluation of the Nigerian naira led to a decline in reported revenue and profitability, with a 55% decrease in the exchange rate.
  • Revenue declined by 28 million pounds, with 46 million attributable to foreign currency translation impacts.
  • Adjusted operating profit decreased by 3.6 million pounds, primarily due to adverse FX movements.
  • Profit before tax declined to 19.8 million pounds, reflecting reduced operating profit and increased interest charges.
  • Adjusted earnings per share fell by 10%, influenced by a statutory loss in the Nigerian business and reduced sterling value of minority interests.


Refinitiv StreetEvents Event Transcript
E D I T E D V E R S I O N

PZC.L - PZ Cussons PLC
Half Year 2025 PZ Cussons PLC Earnings Call
Feb 11, 2025 / 08:30AM GMT

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Presentation
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Good Morning and thanks for joining our call today. This morning we have announced our results for the six months ending 30th November 2024. Sarah and I are here to talk you through those results, as well as to provide an update on operational and strategic progress.

So turning to the agenda for our call today, I'll start with a brief overview before handing over to Sarah to take us through the financial results in more detail.

Next, I'll cover the operational and strategic update before finishing with a quick summary, and then it's over to you for your questions.

Let me start then with some overall comments on how we are delivering against the priorities we set out for this year and our journey to transform PZ
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