An announcement from Essentra ( (GB:ESNT) ) is now available.
Essentra plc reported its full-year results for 2024, showing a revenue of £302.4 million, a slight growth of 0.3% on a constant currency basis, despite a 2.7% decline in like-for-like sales. The company achieved a gross margin expansion to 45.3% and maintained strong operational cash flow, reflecting its disciplined cost control and procurement strategies. While the EMEA and Americas regions experienced revenue declines, the APAC region saw a 7.0% growth, driven by improvements in the export market. Essentra remains focused on operational efficiencies and strategic growth initiatives, positioning itself to leverage market recoveries as conditions improve.
More about Essentra
Essentra plc is a leading global provider of essential components and solutions, specializing in the manufacture and distribution of plastic injection moulded, vinyl dip moulded, and metal items. Headquartered in the United Kingdom, the company operates in 28 countries with 14 manufacturing facilities, 26 distribution centres, and 37 sales & service centres. Essentra serves approximately 64,000 customers across various industries, including equipment manufacturing, automotive, fabrication, electronics, medical, and renewable energy.
YTD Price Performance: -13.08%
Average Trading Volume: 1,219,342
Technical Sentiment Consensus Rating: Buy
Current Market Cap: £331M
Learn more about ESNT stock on TipRanks’ Stock Analysis page.