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Elementis - Results near top end of expectations

September 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.

The shares jumped after Elementis reported H1 and said full year results will now be near the top end of expectations. Sales rose 9% to US$478m, while operating profit increased 21% to US$66m (16% above consensus). Eps rose 29% to 7.1 cents.Coatings, formerly Speciality Products, whose additives control and change a liquid’s viscosity and thickness, increased revenue 9% to US$209m. Adjusted operating profit of US$44m was significantly up on the prior year (US$33m) thanks to new business momentum, particularly North America, and successful pricing actions partially offsetting China volume weakness and normalisation of European decorative demand. Adjusted operating profit margins were 20.9%, up from 16.7% reflective of improved prod ...

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Elementis - New special dividend (September 2012)

Elementis - Eyes return of cash to shareholders (June 2012)

Elementis - Fast-growing additives group throwing off copious amounts of cash (May 2012)

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Elementis - Euro 23m fine is repealed (August 2011)

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Elementis - Huge Asian opportunity for specialty chemicals group (April 2011)

Elementis - A jewel in the specialist chemicals sector (February 2011)

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Elementis - Results near top end of expectations

September 2022

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