PZ Cussons upbeat amid tough market

PZ Cussons said yesterday new products, including Imperial Leather Skin Kind, a new formula Carex and The Sanctuary’s skincare range, meant it felt “cautiously optimistic” despite tough competition and an uncertain global economic environment.

Cussons said its trading for the three months to September would meet City expectations.

It said: “We remain cautiously optimistic for the full-year out-turn despite the global economic picture remaining uncertain and difficult trading conditions in some markets.”

It added the Greek market had been hit by “difficult” trading conditions as the country’s economy struggles. But it has received a boost from Asian markets and said its promotional activity in Europe was helping to keep it competitive.