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Prices & Quotes - UK Markets - Coats Group (COA)

Risk Warning The value of investments can fall as well as rise and any income from them is not guaranteed and you may get back less than you invested. Past performance is not a guide to future performance.

Share Price:
Down 67.00p
Change Today:
-1.90p
Market Cap:
973.22m
Sector:
Financial Services

Coats returns to organic revenue growth, sees FY 'slightly ahead'

By Michele Maatouk

Date: Wednesday 19 May 2021

LONDON (ShareCast) - (Sharecast News) - Industrial thread maker Coats Group said on Wednesday that its full-year performance is set be "slightly ahead" of its previous expectations as it reported a return to organic growth.
In an update for the period from 1 January to 30 April 2021, the company said group revenue grew 26% on the year on an organic basis.

In Apparel and Footwear, there was improving momentum, with 30% organic revenue growth on the year. Coats said robust volume growth resulted in increased factory activity.

Against 2019, the core thread business - which represents around 85% of Apparel and Footwear - grew 2%. Key markets performed well compared to 2019, albeit zips are recovering at a slower pace, it said.

In Performance Materials, revenue was up 14% on 2020 on an organic basis, with all segments performing well and growing against 2019 and 2020, with the exception of Personal Protection, which continues to be impacted by labour availability issues, specifically in the US yarns business.

Chief executive Rajiv Sharma said: "We are pleased to have seen recovery and positive momentum during the period, which resulted in a strong operational performance and a return to growth versus 2019.

"Whilst we remain vigilant around the ongoing Covid pandemic, given the improving end market sentiment, we anticipate that the recovery in our trading will continue and that our anticipated performance for the year will be slightly ahead of our previous expectations."

Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

 

Coats Group Market Data

Currency UK Pounds
Price 67.00p
Change Today -1.90p
52 Week High 79.80p
52 Week Low 56.00p
Volume 919,505
Shares Issued 1,452.57m
Market Cap 973.22m

Performance Indicators

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What The Brokers Say

Strong Buy 5
Buy 0
Neutral 0
Sell 0
Strong Sell 0
Total 5
strong_buy
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

Coats Group Dividends

  Latest Previous
  Interim Final
Ex-Div 21-Oct-21 29-Apr-21
Paid 16-Nov-21 25-May-21
Amount 0.61¢ 1.30¢

Trades for 21-Jan-2022

Time Volume / Share Price
17:06 20,000 @ 67.00p
16:41 5,631 @ 68.50p
16:38 4 @ 67.00p
16:35 485,608 @ 67.00p
16:29 1,100 @ 66.96p

Coats Group Key Personnel

Chair David Gosnell
CFO Jackie Callaway