Imperial Leather owner PZ Cussons has boosted investors’ hopes this morning, after issuing a statement that it may beat previous profit guidance.
A note to investors said the group would report full-year operating profits at or slightly above the upper end of its previously guided £53m-£57m range – itself an upgrade on initial forecasts of £48m-£53m for the year.
PZ Cussons said it expected to report like-for-like revenue growth of around 6% for its financial year to 31 May 2026, with reported revenues of around £540m.
The group said performance “continues to be broad based, with growth across each of our four lead markets”.
Higher profitability has come in part thanks to a stabilisation in the Nigerian naira, as Nigeria is PZ Cussons’ largest single market.
The company expected to have cut its net debt by over £80m over the year to less than £30m, following the sale of its PZ Wilmar joint venture palm oil business.
It added that it was “mindful” of the potential impact of the conflict in the Middle East, and had already taken actions “expected to offset a large majority of any cost inflation”.
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