PZ Cussons (GB:PZC) has released an update.
PZ Cussons reports steady trading in line with expectations, an unchanged profit outlook, and a decrease in gross debt, while implementing strategic actions to boost shareholder value through portfolio optimization. The company highlights improved revenue growth in Q3 and plans to divest certain assets, including its successful St. Tropez brand, to focus on core markets and reduce financial complexity. Despite macro-economic challenges, particularly in Nigeria, PZ Cussons is poised to strengthen its position with a streamlined portfolio and reduced leverage.
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