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Coats Group PLC - London-based manufacturer of industrial thread and footwear components - Total revenue rises 8% year-on-year at constant exchange rate in the six months the ended October 31. Apparel revenue is up 14% and footwear revenue up 7%. Performance materials revenue falls by 3%, however. Looking ahead, full-year outlook is unchanged and remains in line with market expectations, Coats says.
‘We are confident in the group’s ability to sustain this momentum through the final quarter and consequently in delivering a full year performance in line with market expectations,’ says Chief Executive David Paja.
Current stock price: 94.81 pence, up 0.2% in London on Wednesday
12-month change: up 34%
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