Elementis (GB:ELM) has released an update.
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Elementis PLC has reported a robust first half of 2024, with a 5% increase in revenue to $383 million and a 24% rise in adjusted operating profit to $65 million, driven by strong performances in Personal Care and Coatings. Despite a statutory operating loss due to a $66 million impairment in the Talc business, the company has upgraded its full-year guidance, demonstrating confidence in achieving its 2026 financial targets, including a significant increase in adjusted operating profit margin. Elementis also announced a strategic review of its Talc business to evaluate the potential for divestment and is on track with its efficiency programs, expecting to deliver substantial cost savings.
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