Sept 25 (Reuters) - PZ Cussons PLC PZC.L :
* DISPOSAL OF FOOD BUSINESS IN GREECE AND LOCAL POLISH
PERSONAL
CARE BRAND LUKSJA FOR OVER £50M
* KEY MARKETS CONTINUE TO BE IMPACTED BY CONSUMER FRAGILITY,
NIGERIAN ECONOMY REMAINING DEPRESSED
* SEEING UNCERTAINTY IN UK AND HIGHLY COMPETITIVE MARKETS IN
AUSTRALIA
* Q1 CASH GENERATION IN LINE WITH EXPECTATIONS
* UK PERSONAL CARE BRANDS WERE IMPACTED BY CONSUMER
UNCERTAINTY
AND HEAVY PROMOTIONAL ACTIVITY, LEADING TO LOWER REVENUE IN Q1
* ASIA PACIFIC REVENUE DECLINED VERSUS PRIOR YEAR IN Q1
* AFRICA REVENUE CONTINUED TO DECLINE ALBEIT AT A SLOWER
COMPARED TO LAST YEAR IN Q1
* ANTICIPATE MARKET CONDITIONS WILL REMAIN CHALLENGING
ACROSS OUR
KEY GEOGRAPHIES FOR BALANCE OF FIRST HALF OF YEAR
* IMPROVEMENT IS ANTICIPATED IN H2, AS PLANNED MARKETING
ACTIVITIES BEHIND OUR FOCUS BRANDS, OVERHEAD REDUCTION
PROGRAMMES TAKE EFFECT
* EXPECT FULL YEAR RESULTS TO BE IN LINE WITH PRIOR YEAR,
ADJUSTED
FOR IMPACT OF DISPOSALS
* FY RESULTS DEPENDENT ON NO FURTHER WORSENING IN OUR KEY
MARKETS,
SPECIFICALLY UK AND NIGERIA
Source text for Eikon: ID:nRSY5351Na
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