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