Plus   Neg

Essentra 4-month Trading In Line With Board View

Essentra plc. (ESNT.L) reported that its trading for the four-month ended 30 April 2019 was in line with the Board's expectations. Like-for-like revenue growth was about 1% for the period, while it was up more than 3%, adjusting for the closure of the Kilmarnock and Largo packaging sites at the end of 2018.

The company said that its outlook for full year 2019 is unchanged. While the macro environment in 2019 remains uncertain which impacts the component division - and elements of Specialist Components - Essentra said it remains focused on delivering the stated objectives for each of its four divisions. Accordingly, the company expects to make further strategic progress in 2019.

For comments and feedback contact: editorial@rttnews.com

Business News

Editors Pick
Walt Disney Co. confirmed that its upcoming streaming service Disney+ will launch in five countries, including the U.S., in November this year. The company has reached global agreements with major platforms to distribute the Disney+ app across partner mobile and connected TV devices. Disney+ will launch in the U.S., Canada and the Netherlands on November 12. Corporate America is committed to providing long-term economic benefit to all people rather than focusing on just shareholders' interests, Business Roundtable said Monday. The updated statement on the "purpose of a corporation" moves away from the principles of shareholder primacy that has been endorsed since 1997, and redefines corporate responsibility. Club Car, a unit of Ingersoll Rand Inc., withdrew 12,313 gas utility and transport vehicles in two recalls over concerns of fire and burn hazards due to fuel leak. These include about 2,013 vehicles that were sold in Canada. Club Car makes electric and gas-powered golf cars and utility task vehicles (UTVs) for personal and commercial use.
Follow RTT