Coats Group Plc. (COAT.L), Wednesday, in its latest trading update revealed a 4 percent year-on-year revenue growth for the 4-month period from January 1 to April 30.
This growth was due to a 5 percent growth in both Apparel and Footwear segments. The company said that the Performance Materials segment remained stable, excluding US Yarns, amid the ongoing market softness.
The manufacturer of threads and structural components said that with a strong order book in place, it expects the adjusted EBIT margin in the first half to align with its medium-term target range of 19 percent to 21 percent.
Looking ahead, the company maintains its full-year outlook, expecting profit across both halves and strong free cash flow to support its flexible capital allocation strategy.
Coats Group will report its 2025 Interim results on July 31.
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