St Tropez, Carex and Imperial Leather owner PZ Cussons indicates growth in line with expectations

 
Alys Key
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St Tropez is one of the company's top-performing UK brands (Source: Getty)

Imperial Leather and St Tropez tan owner PZ Cussons issued a trading update today saying full-year performance to 31 May was in line with expectations.

The company reported good performances in European, Asian and African markets, in line with its forecast last year that underlying growth in revenue and operating profit would be delivered across all three regions.

Read more: PZ Cussons on track to meet forecasts despite Nigeria woes

In the UK, Imperial Leather, Carex and Original Source all showed strong performances despite competitive market conditions. In the beauty sector, Sanctuary, St Tropez, Charles Worthington and Fudge also performed well.

The Manchester-based company previously indicated that it did not believe leaving the EU would have an immediate effect on its business operations.

Read more: Consumer spending dips for first time in almost four years

In a statement today it said nothing to suggest this had changed, and pointed to cost-cutting measures which it said were "successfully countering ongoing raw material and exchange rate volatility."

The firm added: "The group’s balance sheet remains strong and well placed to pursue new opportunities as they arise."

Full results are set to be released next month.

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