Coats Group PLC Trading Statement (4046M)
13 October 2016 - 5:00PM
UK Regulatory
TIDMCOA
RNS Number : 4046M
Coats Group PLC
13 October 2016
13 October 2016
Coats Group plc
Trading statement
Coats Group plc ('Coats' or the 'Company'), the world's leading
industrial thread manufacturer, today issues a trading statement
for the period 1 July to 30 September 2016.
The challenging market conditions that impacted the Company's Q2
Industrial sales performance have improved during the third quarter
as Coats entered its peak sales season. Inflationary pressures on
input prices are being managed well and the Company continues to
grow market share and deliver productivity and procurement
improvements. As a result, the Board expects adjusted operating
profit for full year 2016 to be ahead of its previous expectations.
Additionally, improvements to non-operating items will further
benefit adjusted EPS, providing current foreign exchange rates
persist until the end of the year.
_________________________________________________________________________________________
Enquiry details
Investors Jaideep Thatai Coats Group plc +44 (0)20 8210 5086
Media Richard Mountain / Nick Hasell FTI Consulting +44 (0)20
3727 1374
_________________________________________________________________________________________
This announcement contains inside information for the purposes
of the Market Abuse Regulation.
About Coats Group plc
Coats is the world's leading industrial thread manufacturer and
a major player in the Americas textile crafts market. At home in
more than 60 countries, Coats employs 19,000 people across six
continents. Revenues in 2015 were US$1.5bn. Coats' pioneering
history and innovative culture ensure the company leads the way
around the world: providing complementary and value added products
and services to the apparel and footwear industries; applying
innovative techniques to develop high technology Speciality threads
and yarns in areas such as automotive and fibre optics; and
extending the crafts offer into new markets and online.
Headquartered in the UK, Coats has a premium listing on the London
Stock Exchange. To find out more about Coats visit
www.coats.com.
This information is provided by RNS
The company news service from the London Stock Exchange
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