Coats Group plc (GB:COA) has released an update.
Don't Miss our Black Friday Offers:
- Unlock your investing potential with TipRanks Premium - Now At 40% OFF!
- Make smarter investments with weekly expert stock picks from the Smart Investor Newsletter
Coats Group plc reported robust interim results for the first half of 2024, with a significant 18% EBIT margin and an upgrade in full-year expectations. Revenue grew to $741 million, a 7% increase from the previous year, alongside a 24% rise in EBIT to $133 million and a strong free cash flow of $59 million. The company is gaining market share and advancing in sustainability, with a 141% revenue growth in 100% recycled thread products, as it confidently progresses towards its medium-term goals of profit growth and cash generation.
For further insights into GB:COA stock, check out TipRanks’ Stock Analysis page.
