Coats Group plc (GB:COA) has released an update.
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Coats Group plc has reported strong sales growth of 11% for the period from July to October 2024, driven by significant gains in its Apparel and Footwear divisions. Despite challenges in Performance Materials, the company anticipates achieving a full-year operating margin of around 18%, with cash generation and leverage positions remaining healthy. Coats remains optimistic about sustaining momentum and meeting market expectations for the year.
For further insights into GB:COA stock, check out TipRanks’ Stock Analysis page.
