PZ Cussons Plc (PZC) Q4 2023 Earnings Call

Investor webinar replay

Replay transcript excerpt

Charlie and I'll be coordinating the call today. If you'd like to ask your question at the end of the presentation, you can do so by pressing star followed by one on your telephone keypad. I will now hand over to our host, Jonathan Myers, Chief Executive Officer to begin. Jonathan, please go ahead. Thank you, Charlie, and good morning, and thank you to all of you for joining the call. Today, Sarah and I will update you on our results for the year to the end of May 2023 and progress against our longer-term strategy. As usual, I'll start by providing a short overview before handing over to Sarah to take you through the financials and the outlook. After that, I'll talk through some of the operational and strategic highlights in more detail and also provide an update on our priorities for FY24. We will then, of course, be delighted to take your questions. One brief matter of housekeeping, and to prove that we are indeed live, we've just been informed there will be a one-minute fire alarm at 11 o'clock. So we'll have a very brief pause when it begins, and then we will pick up from where we left off. Such is life in the volatile markets in which PZ Customs operates. So back to the presentation. Let me start with some key messages to update on our progress. First of all, we have delivered a third consecutive year of like-for-like revenue growth, with revenues up 6.1%. We've seen a sustained performance in Australia and New Zealand and a return to growth for our UK personal care business by the end of the year. Our continued brand building activities meant that the majority of our must-win brands were in growth too. We've been able to achieve this while navigating continued external uncertainties. We have successfully absorbed around 80 million of cost inflation over the pas...