Coats Group plc issued a trading update for the period 1 July to 31 October 2024. Sales growth was 11%, at CER, for the period. For the first half period, sales growth at CER was 8%.
Coats Group said its outlook is unchanged with full year performance expected to be in line with market expectations. It expects to deliver a full year operating margin of around 18%. The Group will release full year 2024 results on 6 March 2025.
"We are confident in the Group's ability to sustain this momentum through the final quarter and consequently in delivering a full year performance in line with market expectations," David Paja, Group Chief Executive said.
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