Creightons (CRL) FY24 results presentation - July 2024

Creightons Group Managing Director, Pippa Clark and Director of Finance, Qadeer Mohammed present the group’s results for the year ended 31 March 2024. Followed by a Q&A session with them both and Martin Stevens, Group Manufacturing Director/Deputy MD & Paul Forster, Non-exec Chairman. 00:00 – Opener Pippa Clark, Group Managing Director 00:16 – Introduction 00:40 – Overview of Creightons 02:42 – FY24 Financial highlights 03:17 – FY24 Operational highlights Qadeer Mohammed, Director of Finance 05:16 – FY24 financial summary 07:29 – Revenue 09:22 – Operating profit 10:41 – Cash generation 11:59 – Working capital 12:55 – Impairment of Emma Hardie brand value 13:48 – Dividend Pippa Clark, Group Managing Director 14:21 – Strategy 14:36 – Private label development 16:16 – Development of core brands 20:04 – Expansion with new brands 20:55 – R&D Investment 22:51 – Digital sales 25:12 – Manufacturing strategy 26:16 – ESG targets 27:07 – Summary and outlook 29:03 – Q&A Creightons plc is engaged in the development, marketing and manufacture of toiletries and fragrances. The Company operates through three business streams: private label business, contract manufacturing business and branded business. Its private label business focuses on private label products for high street retailers and supermarket chains. Its contract manufacturing business develops and manufactures products on behalf of third party brand owners. Its branded business develops, markets, sells and distributes products it has developed and owns the rights to. Its product portfolio includes bath and shower care, haircare, body care, baby and maternity, and fragrances, among others. Its services include market analysis, creative concept generation, product development, brand development, manufacturing and logistics. Its brands include Frizz No More, Volume Pro, Argan Body, Argan Smooth, Keratin Pro, Perfect Hair, Bronze Ambition, Sunshine Blonde, Beautiful Brunette and Just Hair.