Essentra plc (FLRAF), on Thursday, issued a trading update for the four months ended 4 May 2024 and reported that it is on track to deliver full year adjusted operating profit in line with the Board's expectations.
The company noted that it has demonstrated a sequential improvement in sales performance, with average sales per trading day increasing by approximately 5% compared to Q4 2023 on a like-for-like or LFL basis.
Group revenue experienced a 1.2% decrease in the period, compared to the same period in 2023, on a trading day adjusted basis. The LFL sales declined by 5.0%, reflecting a relatively stronger performance in the Americas and EMEA at the beginning of 2023, partially offset by a positive 3.8% contribution from the acquisition of BMP s.r.l.
The board's expectations for 2024 remain unchanged. Consistent with the outlook shared during the FY2023 results, Management foresees a second-half weighted performance with an anticipated improvement in volumes in the latter part of the year.
Further, the Group is strategically positioned to capitalize on a recovery in its end-markets once volume growth returns to normalized levels. This is attributable to the proactive measures taken to align the cost base and optimize the business for enhanced operating leverage.
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June 19, 2026 16:46 ET Major central banks continued to dominate the economic news flow this week too, led by the Federal Reserve, as they announced their latest policy decisions. The Federal Reserve policy session was in focus as it was the first to be led by the new chief Kevin Warsh. In Europe, central banks of the U.K. and Switzerland announced their rate decisions. In Asia, the Bank of Japan drew attention for its policy moves, while data out of China threw some light on the state of the economy.