Coral Products (CRU)

Sector:

Manufacturing

Index:

FTSE AIM All-Share

7.53p
   
  • Change Today:
      0.13p
  • 52 Week High: 17.90
  • 52 Week Low: 5.38
  • Currency: UK Pounds
  • Shares Issued: 89.03m
  • Volume: 102,260
  • Market Cap: £6.70m
  • RiskGrade: 444

Coral Products swings to FY loss

By Iain Gilbert

Date: Monday 14 Oct 2024

LONDON (ShareCast) - (Sharecast News) - Plastic products manufacturer Coral Products warned on Monday that it would be lossmaking in FY25 as a result of a reduction in both revenues and gross margins.

Coral Products said it had experienced reduced order levels from core customers in both the telecoms sector, affected by a sustained reduction in housebuilding and infrastructure projects in the UK, and the FMCG and automotive markets, which appear to have been impacted by a general reduction in consumer spending.

The AIM-listed group stated impact on revenues was expected to be partially offset by contract wins on the back of its £3.0 million investment in new machinery albeit delivering a reduced gross margin mix. Consequently, revenues for FY25 were expected to be in line with the prior year.

However, Coral stated that with the change in revenue mix from higher to lower margin channels and no recovery in core markets or visible improvement in consumer confidence, it now anticipates a year-on-year margin shortfall of up to 500 basis points and, as a result, group trading for FY25 was now expected to record a loss.

As of 1015 BST, Coral Products shares had sunk 22.67% to 6.38p.













Reporting by Iain Gilbert at 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.

 

Coral Products Market Data

Currency UK Pounds
Share Price 7.53p
Change Today 0.13p
% Change 1.69 %
52 Week High 17.90
52 Week Low 5.38
Volume 102,260
Shares Issued 89.03m
Market Cap £6.70m
RiskGrade 444

Coral Products Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
88.50% above the market average88.50% above the market average88.50% above the market average88.50% above the market average88.50% above the market average
66.67% above the sector average66.67% above the sector average66.67% above the sector average66.67% above the sector average66.67% above the sector average
Price Trend
74.1% below the market average74.1% below the market average74.1% below the market average74.1% below the market average74.1% below the market average
100% below the sector average100% below the sector average100% below the sector average100% below the sector average100% below the sector average
Income
49.12% above the market average49.12% above the market average49.12% above the market average49.12% above the market average49.12% above the market average
50.00% above the sector average50.00% above the sector average50.00% above the sector average50.00% above the sector average50.00% above the sector average
Growth
23.86% below the market average23.86% below the market average23.86% below the market average23.86% below the market average23.86% below the market average
33.33% below the sector average33.33% below the sector average33.33% below the sector average33.33% below the sector average33.33% below the sector average

Coral Products Dividends

  Latest Previous
  Final Interim
Ex-Div 12-Dec-24 25-Jul-24
Paid 17-Jan-25 23-Aug-24
Amount 0.25p 0.25p

Trades for 21-Nov-2024

Time Volume / Share Price
14:30 150 @ 7.80p
14:30 100 @ 7.25p
13:27 100,000 @ 7.43p
11:35 672 @ 7.44p
11:20 1,000 @ 7.80p

Coral Products Key Personnel

Finance Director Sharon Adele Gramauskas

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