Essentra (ESNT)

Sector:

Support

Index:

FTSE 250

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416.40p
   
  • Change Today:
    -5.60p
  • 52 Week High: 507.00
  • 52 Week Low: 325.40
  • Currency: UK Pounds
  • Shares Issued: 263.07m
  • Volume: 309,150
  • Market Cap: £1,095.41m
  • Beta: 0.01

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 416.40p
Change Today -5.60p
% Change -1.33 %
52 Week High 507.00
52 Week Low 325.40
Volume 309,150
Shares Issued 263.07m
Market Cap £1,095.41m
Beta 0.01

Essentra Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
66.84% below the market average66.84% below the market average66.84% below the market average66.84% below the market average66.84% below the market average
48.39% below the sector average48.39% below the sector average48.39% below the sector average48.39% below the sector average48.39% below the sector average
Price Trend
5.19% below the market average5.19% below the market average5.19% below the market average5.19% below the market average5.19% below the market average
3.82% below the sector average3.82% below the sector average3.82% below the sector average3.82% below the sector average3.82% below the sector average
Income
39.92% above the market average39.92% above the market average39.92% above the market average39.92% above the market average39.92% above the market average
28.74% above the sector average28.74% above the sector average28.74% above the sector average28.74% above the sector average28.74% above the sector average
Growth
67.01% below the market average67.01% below the market average67.01% below the market average67.01% below the market average67.01% below the market average
68.6% below the sector average68.6% below the sector average68.6% below the sector average68.6% below the sector average68.6% 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
  Final Interim
Ex-Div 25-Apr-19 27-Sep-18
Paid 03-Jun-19 31-Oct-18
Amount 14.40p 6.30p

Trades for 19-Jun-2019

Time Volume / Share Price
16:42 37,102 @ 418.55p
16:36 2,700 @ 418.00p
16:36 2,700 @ 418.00p
16:36 2,700 @ 420.55p
16:36 2,700 @ 420.55p

Essentra Key Personnel

Chair Paul J Lester
CFO Lily Liu

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