PMP lowers guidance

PMP cut its earnings guidance and now expects earnings before interest and tax, and before significant items, to be between $22.5 million and $23.5 million.

PMP said the changes were driven by poor trading conditions and weaker printing orders, prompting the company to implement further restructuring in response.

Shares fell to a two-year low after the announcement, dropping by about 8.3% on the news.

Print markets in both Australia and New Zealand have suffered, with existing customers using services less and tougher competition for new contracts.

Intense competition for new contracts and reduced customer usage have led to lower margins in the print business, contributing to the weaker trading results.

The article points to broader industry pressure — print markets across Australia and New Zealand have weakened, indicating sector-wide challenges affecting PMP.

That phrase refers to the company’s operating earnings excluding interest, tax and one-off significant items. PMP’s revised operating earnings range of $22.5m–$23.5m gives investors a clearer view of recurring profitability under current conditions.

Investors may want to monitor PMP’s trading updates, progress on the announced restructuring, changes in printing order volumes, and any commentary about margin trends in the Australia and New Zealand print markets.