Coats Group plc (GB:COA) has released an update.
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Coats Group plc, a global leader in thread manufacturing, has reported a 7% revenue growth in the first four months of 2024, driven by a strong performance in the Apparel sector and a rebound in Footwear sales. The company’s strategic initiatives are on track to deliver $70 million in savings by year-end, supporting their adjusted EBIT margin goal. Coats remains confident in its ability to generate strong profit growth and cash flow, backed by its scale, innovation, and sustainability efforts.
For further insights into GB:COA stock, check out TipRanks’ Stock Analysis page.
