PZ Cussons profits from fake tan and higher prices

  • Print
  • Share
  • Comment
  • Save

PZ Cussons has reported a healthy rise in profits for the past year, thanks to its new tanning and beauty business and growing its share of the UK soap market.

Pre-tax profits at the Imperial Leather maker hit £108.9m for the year to 31 May, an increase of 7% on the previous term’s figure of £101.8m. Sales were up 6.4% from £771.6m last year to £820.7m.

The increase follows the company’s acquisition last year of the St Tropez self-tanning brand. It subsequently set up a new beauty division also including its Charles Worthington and The Sanctuary brands.

Chairman Richard Harvey suggested the company was likely to hike prices in the year ahead to combat rising ingredients costs.

“The Group has delivered a 7% increase in pre-tax profits… despite difficult trading conditions in a number of markets and significant increases in raw material costs,” Harvey said.

“Initiatives are underway to counter the impact of higher raw material prices and, with the spending power of consumers under increasing pressure, new product and pricing strategies are being tailored accordingly.”

Read more
Outlook good for premium brands, says PZ Cussons (9 June 2011)
Fake tan defies spending crunch for PZ Cussons (14 April 2011)

Have your say

These comments have not been moderated.

You are encouraged to participate with comments that are relevant to our news stories. You should not post comments that are abusive, threatening, defamatory, misleading or invasive of privacy. For the full terms and conditions for commenting see clause 7 of our Terms and Conditions ‘Participating in Online Communities’. These terms may be updated from time to time, so please read them before posting a comment.

Any comment that violates these terms may be removed in its entirety as we do not edit comments.

If you wish to complain about a comment please use the “report this comment” facility or email groceremails@wrbm.com


Related images

  • Print
  • Share
  • Comment
  • Save
Sign in

Newsletter Sign-up


I wish to receive the following newsletters:

For Members

Become a Gold Member to receive these newsletters:

Become a Finance Member to receive these newsletters:

Become a member of The Grocer



CLICK HERE to search for the products, services and companies you need in the definitive guide to the UK food and drink industry.


The Grocer's commentators and opinion makers