Coats Group (COA)

Sector:

Financials

Index:

FTSE 250

86.40p
   
  • Change Today:
      0.20p
  • 52 Week High: 86.80
  • 52 Week Low: 64.10
  • Currency: UK Pounds
  • Shares Issued: 1,597.81m
  • Volume: 28,107
  • Market Cap: £1,380.51m
  • RiskGrade: 39

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 86.40p
Change Today 0.20p
% Change 0.23 %
52 Week High 86.80
52 Week Low 64.10
Volume 28,107
Shares Issued 1,597.81m
Market Cap £1,380.51m
RiskGrade 39

Coats Group Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
74.39% below the market average74.39% below the market average74.39% below the market average74.39% below the market average74.39% below the market average
85.19% below the sector average85.19% below the sector average85.19% below the sector average85.19% below the sector average85.19% below the sector average
Price Trend
73.06% above the market average73.06% above the market average73.06% above the market average73.06% above the market average73.06% above the market average
63.79% above the sector average63.79% above the sector average63.79% above the sector average63.79% above the sector average63.79% above the sector average
Income
9.96% below the market average9.96% below the market average9.96% below the market average9.96% below the market average9.96% below the market average
72.31% below the sector average72.31% below the sector average72.31% below the sector average72.31% below the sector average72.31% below the sector average
Growth
43.79% below the market average43.79% below the market average43.79% below the market average43.79% below the market average43.79% below the market average
8.26% below the sector average8.26% below the sector average8.26% below the sector average8.26% below the sector average8.26% 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 02-May-24 19-Oct-23
Paid 30-May-24 15-Nov-23
Amount 1.99¢ 0.81¢

Trades for 15-May-2024

Time Volume / Share Price
11:10 235 @ 86.40p
11:10 1 @ 86.50p
11:07 208 @ 86.40p
11:07 701 @ 86.40p
11:07 49 @ 86.40p

Coats Group Key Personnel

Chair David Gosnell
CFO Jackie Callaway

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