Essentra (ESNT)

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Index:

FTSE 250

323.60p
   
  • Change Today:
      15.20p
  • 52 Week High: 449.00
  • 52 Week Low: 206.80
  • Currency: UK Pounds
  • Shares Issued: 263.22m
  • Volume: 151,791
  • Market Cap: £851.78m

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Essentra's interim revenue soars but profit decline on Clondalkin acquisition

By Daniel Cancian

Date: Friday 31 Jul 2015

LONDON (ShareCast) - (ShareCast News) - Plastic and fibre producer Essentra reported a decline in interim profits on the back of exceptional costs, although revenue soared following the acquisition of Clondalkin specialist packaging.
Pre-tax profit for the first six months of the year declined 8.1% year-on-year after the group booked one-off costs related to the acquisitions of specialist packaging group Clondalkin earlier this year.

However, the acquisition boosted the group's revenue, which soared 27.6% year-on-year to £550.4m, while like-for-like revenue grew 1.1%.

Group's chief executive Colin Day said despite a sluggish performance in the group's pipe protection technologies, due to a global slowdown in the oil and gas sector, the group had made a solid start to the year.

"While the current environment in the oil and gas sector remains uncertain, Essentra remains well-positioned to deliver balanced, profitable growth in 2015 under its Drive for 2020 strategy," Day said.

Essentra said it will pay an interim dividend of 6.3p per share, 10.5% higher than in the corresponding period in 2014.

Essentra shares were down 5% to 912.00p at 0929 BST on Friday.

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Essentra Market Data

Currency UK Pounds
Share Price 323.60p
Change Today 15.20p
% Change 4.93 %
52 Week High 449.00
52 Week Low 206.80
Volume 151,791
Shares Issued 263.22m
Market Cap £851.78m

Essentra Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
4.9% below the market average4.9% below the market average4.9% below the market average4.9% below the market average4.9% below the market average
8.26% below the sector average8.26% below the sector average8.26% below the sector average8.26% below the sector average8.26% below the sector average
Price Trend
37.84% below the market average37.84% below the market average37.84% below the market average37.84% below the market average37.84% below the market average
35.09% below the sector average35.09% below the sector average35.09% below the sector average35.09% below the sector average35.09% below the sector average
Income
19.43% below the market average19.43% below the market average19.43% below the market average19.43% below the market average19.43% below the market average
25% below the sector average25% below the sector average25% below the sector average25% below the sector average25% below the sector average
Growth
38.39% below the market average38.39% below the market average38.39% below the market average38.39% below the market average38.39% below the market average
51.85% below the sector average51.85% below the sector average51.85% below the sector average51.85% below the sector average51.85% below the sector average

What The Brokers Say

Strong Buy 3
Buy 0
Neutral 2
Sell 0
Strong Sell 0
Total 5
buy
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

Essentra Dividends

  Latest Previous
  Interim Final
Ex-Div 26-Sep-19 25-Apr-19
Paid 30-Oct-19 03-Jun-19
Amount 6.30p 14.40p

Trades for 05-Jun-2020

Time Volume / Share Price
16:36 650 @ 323.60p
16:35 53,215 @ 323.60p
16:28 93 @ 323.00p
16:28 29 @ 323.00p
16:28 127 @ 323.60p

Essentra Key Personnel

CEO Paul Forman
CFO Lily Liu

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