Manchester Headquartered PZ Cussons reported continued progress against its strategic goals for the fiscal year ending May 2025, with a focus on operational performance and business transformation.
The company saw strong brand activity in the UK and Indonesia, and revenue growth in ANZ, despite a 2.7% decline in reported revenue due to foreign exchange impacts.
The sale of its 50% stake in PZ Wilmar for $70 million is expected to strengthen its financial position, and the decision to retain the St.Tropez brand aims to create more value.
The company is also reviewing its African business and has implemented cost-saving measures to enhance brand-building
The Group employs just under 2,500 people across our operations in Europe, North America, Asia-Pacific and Africa.
First founded in 1884, they have been creating products to delight, care for and nourish consumers.
Across their core categories of Hygiene, Baby and Beauty, our trusted and well-loved brands include Carex, Childs Farm, Cussons Baby, Imperial Leather, Morning Fresh, Original Source, Premier, Sanctuary Spa and St.Tropez.
Jonathan Myers, Chief Executive Officer, said:
“FY25 has been a year of continued progress against our strategy. We have delivered good momentum across most of our portfolio, driven by our renewed focus on more competitive brand activation, strengthened innovation and successful commercial partnerships. At the same time, we have taken action to address our cost base, as we embed our new operating model.
“The UK saw a stronger profit performance, while Indonesia has seen its fifth consecutive quarter of revenue growth, and we continued to gain share in ANZ.
We are also delivering on the plan to simplify and transform our business. In June we announced the sale of our 50% stake in PZ Wilmar, for $70 million, materially strengthening our financial position.
We also took the decision to retain St.Tropez, to create more value through a new strategic direction and operating model. We continue to review the future of our wider African business.
We know there is more to do to fully transform PZ Cussons into a business with stronger brands in a more focused portfolio, delivering sustainable, profitable growth. With the strategic actions and operational improvements delivered through 2025, we are confident in the long-term potential for PZ Cussons.”
