Coats Group (COA)

Sector:

Financials

Index:

FTSE 250

72.00p
   
  • Change Today:
      3.80p
  • 52 Week High: 104.20
  • 52 Week Low: 68.20
  • Currency: UK Pounds
  • Shares Issued: 1,597.81m
  • Volume: 8,535,796
  • Market Cap: £1,150.42m
  • RiskGrade: 39
  • Beta: 0.03

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Coats sees 'modest' revenue rise on market recovery

By Frank Prenesti

Date: Friday 08 Mar 2024

LONDON (ShareCast) - (Sharecast News) - Industrial threads maker Coats said it expected "modest" revenue growth this year as markets recovered in the second half after reporting higher 2023 profits.
The company, which makes threads for the shoe and clothing industries, said pre-tax profit for the year to December 31 rose to $155m from $151m on a 9% fall in revenue to $1.4bn. Operating profit rose 2% to $184m.

Coats said it expected to make "good progress" in 2024 underpinned by modest revenue growth, with a weighting to the second half, as apparel and footwear gradually recover, and increasing tender activity in performance materials.

"Our continued focus on controlling our costs, including the benefits of strategic projects, increases our confidence in achieving our 17% group EBIT margin target in 2024," Coats said on Thursday.

Reporting by Frank Prenesti for Sharecast.com

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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 72.00p
Change Today 3.80p
% Change 5.57 %
52 Week High 104.20
52 Week Low 68.20
Volume 8,535,796
Shares Issued 1,597.81m
Market Cap £1,150.42m
Beta 0.03
RiskGrade 39

Coats Group Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
54.47% below the market average54.47% below the market average54.47% below the market average54.47% below the market average54.47% below the market average
75% below the sector average75% below the sector average75% below the sector average75% below the sector average75% below the sector average
Price Trend
18.71% below the market average18.71% below the market average18.71% below the market average18.71% below the market average18.71% below the market average
12.73% below the sector average12.73% below the sector average12.73% below the sector average12.73% below the sector average12.73% below the sector average
Income
23.81% above the market average23.81% above the market average23.81% above the market average23.81% above the market average23.81% above the market average
56.67% below the sector average56.67% below the sector average56.67% below the sector average56.67% below the sector average56.67% below the sector average
Growth
17.99% below the market average17.99% below the market average17.99% below the market average17.99% below the market average17.99% below the market average
14.58% below the sector average14.58% below the sector average14.58% below the sector average14.58% below the sector average14.58% 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 10-Apr-2025

Time Volume / Share Price
15:47 207 @ 72.90p
15:10 2 @ 72.60p
16:35 1,965,057 @ 72.00p
16:35 666 @ 72.00p
16:35 6,699 @ 72.00p

Coats Group Key Personnel

Chair David Gosnell
CFO Jackie Callaway
CEO David Paja

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