Essentra (ESNT)

Sector:

Support

Index:

FTSE 250

414.20p
   
  • Change Today:
      2.00p
  • 52 Week High: 442.00p
  • 52 Week Low: 325.40p
  • Currency: UK Pounds
  • Shares Issued: 263.18m
  • Volume: 25,055
  • Market Cap: £1,090.08m
  • Beta: 1.09

Essentra trading in line, finance director to leave later this year

By Michele Maatouk

Date: Thursday 19 Apr 2018

LONDON (ShareCast) - (ShareCast News) - Essentra, a FTSE 250 supplier of plastic and fibre products, said on Thursday that trading in the financial year-to-date has been in line with the board's expectations, as it announced the departure of its group finance director.
The company saw like-for-like revenue growth of around 2% in the period. Growth in the components business was driven by all geographic regions, with a stable result in filters reflecting a continued good performance in China and ongoing pipeline development of innovative new products.

Meanwhile, the rate of decline in the packaging business continued to moderate as it benefited from the "significant" improvements in service and quality which were progressively established over the course of the previous year.

Essentra said a modest increase in specialist components was boosted by the industrial supply, extrusion and pipe protection technologies businesses, although the rate of improvement there has dropped significantly compared to the first quarter of 2017.

"The components business is expected to continue to generate strong, broad-based growth, with both the filters and specialist components divisions maintaining a broadly stable result. In packaging, improving year-on-year trends continue to be anticipated, having increasingly stabilised the business and addressed certain one-time factors in 2017," the company said.

As a result, it confirmed its expectation of a return to like-for-like revenue growth and margin expansion in FY2018.

The group also said in a separate statement that its group finance director, Stefan Schellinger, will leave the business later year "to pursue his career outside Essentra" in what was said to have been a mutual decision.

Chairman Paul Lester said: "Stefan has been a member of the board since 2015, and his knowledge and commitment have proved very valuable through what was a period of challenge in 2016. He has played an important role in stabilising the company in 2017, and in developing the clear strategy we now have. As he looks to further develop his career, we wish him well in the future."

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Essentra Market Data

Currency UK Pounds
Share Price 414.20p
Change Today 2.00p
% Change 0.49 %
52 Week High 442.00p
52 Week Low 325.40p
Volume 25,055
Shares Issued 263.18m
Market Cap £1,090.08m
Beta 1.09

Essentra Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
62.71% below the market average62.71% below the market average62.71% below the market average62.71% below the market average62.71% below the market average
50.41% below the sector average50.41% below the sector average50.41% below the sector average50.41% below the sector average50.41% below the sector average
Price Trend
21.69% above the market average21.69% above the market average21.69% above the market average21.69% above the market average21.69% above the market average
11.11% above the sector average11.11% above the sector average11.11% above the sector average11.11% above the sector average11.11% above the sector average
Income
54.87% above the market average54.87% above the market average54.87% above the market average54.87% above the market average54.87% above the market average
51.16% above the sector average51.16% above the sector average51.16% above the sector average51.16% above the sector average51.16% above the sector average
Growth
67.95% below the market average67.95% below the market average67.95% below the market average67.95% below the market average67.95% below the market average
76.07% below the sector average76.07% below the sector average76.07% below the sector average76.07% below the sector average76.07% below the sector average

What The Brokers Say

Strong Buy 4
Buy 0
Neutral 2
Sell 0
Strong Sell 0
Total 6
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 18-Nov-2019

Time Volume / Share Price
09:41 1,000 @ 414.54p
09:21 6,820 @ 414.80p
09:15 118 @ 414.40p
09:15 482 @ 414.40p
09:15 108 @ 414.80p

Essentra Key Personnel

Chair Paul J Lester
CFO Lily Liu

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