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BRIEF-PZ Cussons Says Beauty Business Severely Impacted Due To Coronavirus

Published 16/04/2020, 07:55
PZC
-

April 16 (Reuters) - PZ Cussons PLC PZC.L :
* PZ CUSSONS PLC - OUR FULL YEAR PROFIT GUIDANCE REMAINS WITHIN CONSENSUS
RANGE,
ALBEIT AT LOWER END
* PZ CUSSONS PLC - IMPACT OF COVID-19 CONTINUES TO BE SIGNIFICANT, ALTHOUGH
VARIES
DEPENDING ON BUSINESS UNIT AND MARKET
* PZ CUSSONS PLC - OVERALL REVENUE IN QUARTER DECLINED AGAINST LAST YEAR,
ALBEIT
AT A REDUCED RATE COMPARED TO FIRST HALF OF YEAR
* PZ CUSSONS PLC - IN UK, EXPERIENCING EXCEPTIONALLY HIGH DEMAND FOR CAREX
HAND
WASH AND SANITISER GEL PRODUCTS AND IMPERIAL LEATHER SOAP
* PZ CUSSONS PLC - BEAUTY BUSINESS HAS BEEN SEVERELY IMPACTED DUE TO VIRUS
* PZ CUSSONS PLC - SITUATION IN NIGERIA IS UNCERTAIN
* PZ CUSSONS - AT THIS TIME, HAVE NOT ELECTED TO PARTICIPATE IN UK FURLOUGH
SCHEME
OR SIMILAR SCHEMES IN OTHER COUNTRIES
* PZ CUSSONS - CANCELLATION OF CAPEX PROJECTS, REVIEW OF COST BASE,
PARTICULARLY
IN AREAS OF BUSINESS MOST IMPACTED BY COVID-19
* PZ CUSSONS PLC - IN AFRICA, QTRLY REVENUE DECLINED OVERALL IN Q3 COMPARED
TO
LAST YEAR

Source text for Eikon: ID:nRSP8020Ja
Further company coverage: PZC.L

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