Acquisition StrategyCoats has announced the significant acquisition of OrthoLite for US$770m, expanding its Footwear Component business into the premium insole market.
Earnings Growth PotentialCoats Group's new medium-term financial targets indicate a more resilient earnings growth profile than historically, offering further re-rating potential.
Financial PerformanceCoats has delivered OCC revenue growth of 4% over the first four months of the year, with underlying margins improving and expectations to deliver margins in 1H EBITA consistent with the raised guidance range of 19%-21%.