Coats Group (COA)

Sector:

Financials

Index:

FTSE 250

80.10p
   
  • Change Today:
      0.60p
  • 52 Week High: 104.20
  • 52 Week Low: 68.20
  • Currency: UK Pounds
  • Shares Issued: 1,597.81m
  • Volume: 61,092
  • Market Cap: £1,279.85m
  • RiskGrade: 39
  • Beta: 0.00

Coats to shut down US yarns factory after strategic review

By Frank Prenesti

Date: Thursday 03 Apr 2025

LONDON (ShareCast) - (Sharecast News) - Coats Group said it is planning to close its North Carolina yarns facility based after a strategic review.
The factory is part of the industrial thread and footwear components maker's performance materials division. Coats in December shut down a similar facility in Mexico.

"The strategic review has concluded that the Americas Yarns business does not fit with Coats' future strategy and the exit from this non-core operation will result in a positive annualised impact to both the PM and group adjusted EBIT margins," Coats said on Thursday.

It added that the exit process is expected to complete in the second quarter and is anticipated to generate a "modest" cash inflow, after closure costs.

Reporting by Frank Prenesti for Sharecast.com

Email this article to a friend

or share it with one of these popular networks:


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

Note 2: RiskGrade figures are provided by RiskMetrics.

 

Coats Group Market Data

Currency UK Pounds
Share Price 80.10p
Change Today 0.60p
% Change 0.75 %
52 Week High 104.20
52 Week Low 68.20
Volume 61,092
Shares Issued 1,597.81m
Market Cap £1,279.85m
Beta 0.00
RiskGrade 39

Coats Group Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
55.84% below the market average55.84% below the market average55.84% below the market average55.84% below the market average55.84% below the market average
70% below the sector average70% below the sector average70% below the sector average70% below the sector average70% below the sector average
Price Trend
14.59% below the market average14.59% below the market average14.59% below the market average14.59% below the market average14.59% below the market average
20.75% below the sector average20.75% below the sector average20.75% below the sector average20.75% below the sector average20.75% below the sector average
Income
22.62% above the market average22.62% above the market average22.62% above the market average22.62% above the market average22.62% above the market average
44.83% below the sector average44.83% below the sector average44.83% below the sector average44.83% below the sector average44.83% below the sector average
Growth
12.29% below the market average12.29% below the market average12.29% below the market average12.29% below the market average12.29% below the market average
8.7% below the sector average8.7% below the sector average8.7% below the sector average8.7% below the sector average8.7% below the sector average

What The Brokers Say

Strong Buy 4
Buy 3
Neutral 2
Sell 0
Strong Sell 0
Total 9
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
  Final Interim
Ex-Div 01-May-25 17-Oct-24
Paid 29-May-25 14-Nov-24
Amount 2.19¢ 0.93¢

Trades for 16-May-2025

Time Volume / Share Price
09:06 1 @ 80.00p
09:03 1,082 @ 80.10p
09:03 308 @ 80.10p
09:01 1,143 @ 80.00p
09:01 7,143 @ 80.00p

Coats Group Key Personnel

Chair David Gosnell
CFO Jackie Callaway
CEO David Paja

Top of Page