Essentra (ESNT)

Sector:

Support

Index:

FTSE 250

416.20p
   
  • Change Today:
      5.80p
  • 52 Week High: 442.00
  • 52 Week Low: 325.40
  • Currency: UK Pounds
  • Shares Issued: 263.18m
  • Volume: 123,838
  • Market Cap: £1,095.35m
  • Beta: 1.09

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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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 416.20p
Change Today 5.80p
% Change 1.41 %
52 Week High 442.00
52 Week Low 325.40
Volume 123,838
Shares Issued 263.18m
Market Cap £1,095.35m
Beta 1.09

Essentra Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
60.83% below the market average60.83% below the market average60.83% below the market average60.83% below the market average60.83% below the market average
48.76% below the sector average48.76% below the sector average48.76% below the sector average48.76% below the sector average48.76% below the sector average
Price Trend
17.64% above the market average17.64% above the market average17.64% above the market average17.64% above the market average17.64% above the market average
12.70% above the sector average12.70% above the sector average12.70% above the sector average12.70% above the sector average12.70% above the sector average
Income
56.06% above the market average56.06% above the market average56.06% above the market average56.06% above the market average56.06% 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
68.17% below the market average68.17% below the market average68.17% below the market average68.17% below the market average68.17% 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 19-Nov-2019

Time Volume / Share Price
16:35 39,656 @ 416.20p
16:29 475 @ 416.60p
16:29 24 @ 416.60p
16:29 395 @ 416.60p
16:28 900 @ 416.40p

Essentra Key Personnel

Chair Paul J Lester
CFO Lily Liu

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