Coats Group plc (GB:COA) has released an update.
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.
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