Essentra (ESNT)

Sector:

Support

Index:

FTSE 250

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

Deal with Barclays    Trade now with Barclays Stockbrokers

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."

Email this article to a friend

or share it with one of these popular networks:


Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

 

Essentra Market Data

Currency UK Pounds
Share Price 323.60p
Change Today 15.20p
% Change 4.93 %
52 Week High 449.00p
52 Week Low 206.80p
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

Top of Page