Elementis plc (GB:ELM) has released an update.
Elementis plc reports a strong start to 2024 with a 3% rise in constant currency revenue and a double-digit increase in adjusted operating profit for Q1, alongside improved operating margins compared to the same period last year. Despite a challenging quarter for Talc due to a Finnish transport strike, Coatings sales grew, and the company stayed on track with its cost savings plan and new product launches. CEO Paul Waterman expresses confidence in the company’s strategy to drive profit growth and achieve full-year performance targets.
For further insights into GB:ELM stock, check out TipRanks’ Stock Analysis page.
