PZ Cussons Cuts Top End of Adjusted Operating Profit Guidance; Sells PZ Wilmar Stake

Dow Jones06-18

By Adam Whittaker

PZ Cussons cut the top end of its adjusted operating profit guidance for its fiscal year, saying it expects to book higher costs from its U.K. business.

The consumer-goods company also said Wednesday that it would sell its 50% stake in Nigerian edible-oils business PZ Wilmar to its joint-venture partner Wilmar International for $70 million in cash.

For the year ended May 31, PZ Cussons expects to report an adjusted operating profit between 52 million and 55 million pounds ($69.8 million-$73.9 million). This compared with previous guidance of 52 million to 58 million pounds and reflects an extra 2 million pounds of costs in the fourth-quarter across its U.K. business, the company said.

It expects to report like-for-like revenue growth of 8% and around 505 million pounds in reported revenue.

Alongside the trading update, PZ Cussons said it expects the sale of PZ Wilmar to complete in the final quarter of the calendar year, with the proceeds being used to pay down debt, The move follows a strategic review of its business portfolio in April 2024, it said.

Write to Adam Whittaker at adam.whittaker@wsj.com

(END) Dow Jones Newswires

June 18, 2025 02:42 ET (06:42 GMT)

Copyright (c) 2025 Dow Jones & Company, Inc.

At the request of the copyright holder, you need to log in to view this content

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap

Leave a comment

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/2544940135?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2025-06-18 14:42","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2544940135","market":"fut","top_or_hot":-1,"title":"PZ Cussons Cuts Top End of Adjusted Operating Profit Guidance; Sells PZ Wilmar Stake","media":"Dow Jones","content":"<font class=\"NormalMinus1\" face=\"Arial\">\n<pre>\n \n</pre>\n<p>\n  By Adam Whittaker \n</p>\n<pre>\n \n</pre>\n<p>\n  PZ Cussons cut the top end of its adjusted operating profit guidance for its fiscal year, saying it expects to book higher costs from its U.<a href=\"https://laohu8.com/S/TKKD.SI\">K</a>. business. \n</p>\n<p>\n  The consumer-goods company also said Wednesday that it would sell its 50% stake in Nigerian edible-oils business PZ Wilmar to its joint-venture partner Wilmar International for $70 million in cash. \n</p>\n<p>\n  For the year ended May 31, PZ Cussons expects to report an adjusted operating profit between 52 million and 55 million pounds ($69.8 million-$73.9 million). This compared with previous guidance of 52 million to 58 million pounds and reflects an extra 2 million pounds of costs in the fourth-quarter across its U.K. business, the company said. \n</p>\n<p>\n  It expects to report like-for-like revenue growth of 8% and around 505 million pounds in reported revenue. \n</p>\n<p>\n  Alongside the trading update, PZ Cussons said it expects the sale of PZ Wilmar to complete in the final quarter of the calendar year, with the proceeds being used to pay down debt,  The move follows a strategic review of its business portfolio in April 2024, it said. \n</p>\n<pre>\n \n</pre>\n<p>\n  Write to Adam Whittaker at adam.whittaker@wsj.com \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  June 18, 2025 02:42 ET (06:42 GMT)\n</p>\n<p>\n  Copyright (c) 2025 Dow Jones &amp; Company, Inc.\n</p>\n</font>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>PZ Cussons Cuts Top End of Adjusted Operating Profit Guidance; Sells PZ Wilmar Stake</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nPZ Cussons Cuts Top End of Adjusted Operating Profit Guidance; Sells PZ Wilmar Stake\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Dow Jones </p>\n<p class=\"h-time\">2025-06-18 14:42</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<font class=\"NormalMinus1\" face=\"Arial\">\n<pre>\n \n</pre>\n<p>\n  By Adam Whittaker \n</p>\n<pre>\n \n</pre>\n<p>\n  PZ Cussons cut the top end of its adjusted operating profit guidance for its fiscal year, saying it expects to book higher costs from its U.<a href=\"https://laohu8.com/S/TKKD.SI\">K</a>. business. \n</p>\n<p>\n  The consumer-goods company also said Wednesday that it would sell its 50% stake in Nigerian edible-oils business PZ Wilmar to its joint-venture partner Wilmar International for $70 million in cash. \n</p>\n<p>\n  For the year ended May 31, PZ Cussons expects to report an adjusted operating profit between 52 million and 55 million pounds ($69.8 million-$73.9 million). This compared with previous guidance of 52 million to 58 million pounds and reflects an extra 2 million pounds of costs in the fourth-quarter across its U.K. business, the company said. \n</p>\n<p>\n  It expects to report like-for-like revenue growth of 8% and around 505 million pounds in reported revenue. \n</p>\n<p>\n  Alongside the trading update, PZ Cussons said it expects the sale of PZ Wilmar to complete in the final quarter of the calendar year, with the proceeds being used to pay down debt,  The move follows a strategic review of its business portfolio in April 2024, it said. \n</p>\n<pre>\n \n</pre>\n<p>\n  Write to Adam Whittaker at adam.whittaker@wsj.com \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  June 18, 2025 02:42 ET (06:42 GMT)\n</p>\n<p>\n  Copyright (c) 2025 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"F34.SI","symbol_name":"丰益国际","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2544940135","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2544940135","pubTimestamp":1750228920,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"PZ Cussons cut the top end of its adjusted operating profit guidance for its fiscal year, saying it expects to book higher costs from its U.K. business.The consumer-goods company also said Wednesday that it would sell its 50% stake in Nigerian edible-oils business PZ Wilmar to its joint-venture partner Wilmar International for $70 million in cash.For the year ended May 31, PZ Cussons expects to report an adjusted operating profit between 52 million and 55 million pounds . This compared with previous guidance of 52 million to 58 million pounds and reflects an extra 2 million pounds of costs in the fourth-quarter across its U.K. business, the company said.It expects to report like-for-like revenue growth of 8% and around 505 million pounds in reported revenue.Alongside the trading update, PZ Cussons said it expects the sale of PZ Wilmar to complete in the final quarter of the calendar year, with the proceeds being used to pay down debt,  The move follows a strategic review of its busines","collect":0,"end_time":0,"defaultTopTitle":"","property":["rate"],"viewcount":null,"language":"en","relate_stocks":{"F34.SI":"丰益国际","WLMIY":"Wilmar International, Ltd."},"translate_title":"PZ Cussons下调调整后营业利润指引上限；出售PZ Wilmar股份","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"F34.SI":1,"WLMIY":0.9},"content_text":"By Adam Whittaker \n\n\n \n\n\n  PZ Cussons cut the top end of its adjusted operating profit guidance for its fiscal year, saying it expects to book higher costs from its U.K. business. \n\n\n  The consumer-goods company also said Wednesday that it would sell its 50% stake in Nigerian edible-oils business PZ Wilmar to its joint-venture partner Wilmar International for $70 million in cash. \n\n\n  For the year ended May 31, PZ Cussons expects to report an adjusted operating profit between 52 million and 55 million pounds ($69.8 million-$73.9 million). This compared with previous guidance of 52 million to 58 million pounds and reflects an extra 2 million pounds of costs in the fourth-quarter across its U.K. business, the company said. \n\n\n  It expects to report like-for-like revenue growth of 8% and around 505 million pounds in reported revenue. \n\n\n  Alongside the trading update, PZ Cussons said it expects the sale of PZ Wilmar to complete in the final quarter of the calendar year, with the proceeds being used to pay down debt,  The move follows a strategic review of its business portfolio in April 2024, it said. \n\n\n \n\n\n  Write to Adam Whittaker at adam.whittaker@wsj.com \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  June 18, 2025 02:42 ET (06:42 GMT)\n\n\n  Copyright (c) 2025 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"-1","news_tag":"shareholding","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":true,"code":"91000000","status":"200"},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.35.12","shortVersion":"4.35.12","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2544940135","isCrawlerRequest":true}