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Elementis - Net cash to reach US$110m in 2016

September 2014

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:
  • ELM
  • Price:
  • 264p
Specialty chemicals business Elementis released solid interims in spite of adverse weather in Q1. Sales and pretax profit rose 3% and 5%, respectively to US$400m and US$72.4m while a lower tax charge saw eps grow 12% to 12.7 cents.In  specialty chemicals, which makes additives to enhance the look, feel and stability of industrial paints and coatings, sales rose 4% to US$268.5m with operating profit up 2% to US$52.6m. Coatings additives was driven by improving US markets and also a first contribution from the recently commissioned New Martinsville factory. In Europe sales were slightly ahead as were those in Latin America, thanks to the Watercryl acquisition. In personal care sales rose 21% thanks to good growth in Asia ...

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