Essentra (ESNT)

Sector:

Support

Index:

FTSE 250

348.00p
   
  • Change Today:
    -17.40p
  • 52 Week High: 449.00
  • 52 Week Low: 346.40
  • Currency: UK Pounds
  • Shares Issued: 263.18m
  • Volume: 464,510
  • Market Cap: £915.86m

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Essentra profits improve despite flat revenues

By Iain Gilbert

Date: Friday 01 Mar 2019

LONDON (ShareCast) - (Sharecast News) - Plastic and fibre products supplier Essentra lifted profits last year despite reporting flat revenues.
Essentra recorded an 8% increase in pre-tax profits from continuing operations to £80m as its components and filter units witnessed a 13.2% and 1.5% increase in profits, respectively.

The FTSE 250 resident posted flat revenues of £1.02bn.

Looking forward, chief executive Paul Forman said the current macro environment remained "uncertain", but added that much of Essentra's end-markets were non-cyclical, offsetting its exposure to cyclical industrial segments.

Forman said: "Of course, there is more for us still to do. However, I am proud of the great strides we have taken in FY 2018 versus our stated change plan to restore sustainable growth, and have every faith in our ability to deliver further improvement and achieve success together as a team."

Essentra maintained its final dividend at 14.4p per share, making the total dividend for the year an unchanged 20.7p.

Analysts at Peel Hunt praised the "good progress" delivered by Essentra following its restructuring programme in 2018 but noted that 2019 looked set to see "slower progress" due to macro headwinds and heightened investments into central resources.

"Nonetheless, the business is in increasingly good shape," said Peel Hunt.

As of 1050 GMT, Essentra shares had picked up 3.08% to 388.40p.

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Essentra Market Data

Currency UK Pounds
Share Price 348.00p
Change Today -17.40p
% Change -4.76 %
52 Week High 449.00
52 Week Low 346.40
Volume 464,510
Shares Issued 263.18m
Market Cap £915.86m

Essentra Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
35.45% below the market average35.45% below the market average35.45% below the market average35.45% below the market average35.45% below the market average
18.58% below the sector average18.58% below the sector average18.58% below the sector average18.58% below the sector average18.58% below the sector average
Price Trend
43.03% below the market average43.03% below the market average43.03% below the market average43.03% below the market average43.03% below the market average
47.11% below the sector average47.11% below the sector average47.11% below the sector average47.11% below the sector average47.11% below the sector average
Income
67.07% above the market average67.07% above the market average67.07% above the market average67.07% above the market average67.07% above the market average
67.90% above the sector average67.90% above the sector average67.90% above the sector average67.90% above the sector average67.90% above the sector average
Growth
66.62% below the market average66.62% below the market average66.62% below the market average66.62% below the market average66.62% below the market average
74.55% below the sector average74.55% below the sector average74.55% below the sector average74.55% below the sector average74.55% below the sector average

What The Brokers Say

Strong Buy 3
Buy 0
Neutral 1
Sell 0
Strong Sell 0
Total 4
strong_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 27-Feb-2020

Time Volume / Share Price
16:35 199,728 @ 348.00p
16:29 223 @ 348.60p
16:29 68 @ 348.60p
16:29 34 @ 348.60p
16:29 400 @ 348.20p

Essentra Key Personnel

Chair Paul J Lester
CFO Lily Liu

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