Coats Group Plc (COA.L) Friday said in its trading update for the four-month period from July to October 2025 that group revenue for the period fell 1 percent, impacted by a challenging market environment. The UK-based thread manufacturing company's operating profit, however, was broadly in line with the same period last year.
Coming to the divisions, the Apparel division's revenue declined 2 percent from a year ago, affected by the challenges in end markets, while revenue of footwear division fell 4 percent from the prior year period, impacted by cautious order patterns being followed by customers.
The company said that the Performance Materials division reported a 4 percent revenue growth from a year ago, helped by strong momentum in safety fabrics and energy tapes segments.
Earlier, on October 30, the company had announced a streamlined organisational structure, dividing its operations into two segments, namely, Apparel and Footwear. This move is part of the transformation, following the exit from the North America Yarns business and the acquisition of OrthoLite.
Looking ahead, the company said that following the year-to-date performance, its full-year outlook remains unchanged, with trading expected to be in line with market expectations. Coats Group will announce its fiscal 2025 results on March 5.
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