Coats Group plc (COA.L) issued a trading update for the period 1 July to 31 October 2023. The Group said it traded as expected during the four month period. Group organic revenue was 12% lower year-on-year, including early signs of the anticipated gradual recovery in Apparel, where organic revenue was 5% lower. Footwear organic revenue was 18% lower year-on-year. Organic revenue in Performance Materials was 20% lower.
Looking forward, Coats Group expects full year performance to be in line with the Board's expectations. The Group remains confident of achieving 2024 operating profit margin goal of approximately 17%. For more earnings news, earnings calendar, and earnings for stocks, visit rttnews.com.
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December 19, 2025 15:10 ET U.S. inflation data and interest rate decisions by major central banks were the highlights of this busy week for economics news flow. Employment data and survey results on the housing markets also gained attention in the U.S. In Europe, the European Central Bank and Bank of England announced their policy decisions and macroeconomic projections.