Coats Group PLC (FRA:4TC)
€ 1.15 0 (0%) Market Cap: 1.83 Bil Enterprise Value: 2.28 Bil PE Ratio: 21.86 PB Ratio: 3.39 GF Score: 58/100
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Half Year 2024 Coats Group PLC Earnings Call Transcript

Aug 01, 2024 / 09:00AM GMT
Release Date Price: €1.05 (+1.94%)
Operator

Good morning, and welcome to the Coats' half-year results presentation. This morning, I'm joined by Rajiv Sharma, Group CEO; and Jackie Callaway, the Group CFO. This morning, after the results, we'll take Q&A. Please follow the online instructions to ask your question.

Rajiv Sharma
Coats Group PLC - Group Chief Executive, Executive Director

Good morning, everyone, and welcome. Today, I'm going to take you through the highlights for the half year and then hand over to Jackie to present our financial performance. After that, I will take you through the divisional performance and strategic update before closing with the outlook. Following this, we move to Q&A before concluding the results presentation.

As we predicted, there has been a strong revenue growth in the first half with reported revenues up 7%. The expected recovery from the destocking cycle is underway, and there has been an improving revenue trend in the first half across all three divisions.

In constant currency terms, revenues increased 8% for the group. This was driven by

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