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Coats Group

April 2022

Investing in shares may lose you all or some of your money. Past performance is no indication of future performance. Some of the shares recommended here may be small company shares, which can be relatively illiquid and hard to trade and this makes such shares more risky than other investments.

  • Epic Code:
  • COA
  • Price:
  • 75p
Final results from industrial threads business, Coats, were ahead of expectations with revenues up 29% year on year to US$1,504m (Investec forecast: US$1,432m). Operating profit grew 75% to US$193m (Investec: US$190.3m) with eps 6.8 cents. Revenue exposure to Russia and Ukraine is less than 1%.Apparel & Footwear (A&F) grew sales 33% over FY’20 (and 5% above FY’19) in line with historic 2-3% growth trends. Strong momentum seen in November and December has continued into FY’22, aided by restocking and timing of holiday periods. Encouragingly, A&F has increased market share by 2% to 23%.Performance Materials sales grew 19% aided by customer wins. New divisional reporting showed strong growth in personal protection (+ ...

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Coats - Supplier of threads enjoying strong margin growth (May 2024)
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With small companies there is an above average degree of risk compared to buying blue chips. Please be aware that we have not assessed the suitability of any of these investments for you. The newsletter simply states a personal view and diarises the editor’s investment decisions. Please speak to your stockbroker or other qualified individual to ascertain whether any of these companies mentioned would form useful additions to your own portfolios. Past performance is no indication of future success.

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