Coats Group Plc (COA.L), a British industrial threads manufacturer, Wednesday said in its trading update for the four months from January 1 to April 30 that group revenue from continuing operations rose 18 percent. On an organic Currency Exchange Rate or CER basis, group revenue fell by 1 percent.
Among divisions, Apparel revenue was up 1 percent on both a reported and organic CER basis. Footwear revenue rose 55 percent on a reported basis. However, on an organic CER basis, the revenue was down 4 percent, impacted by lower inventory levels and fewer customers.
According to the company, Group EBIT margin for the 4 months was slightly higher than the year-ago period, helped by the 2025 footprint consolidation in Footwear and the positive contribution from OrthoLite.
The company said that the full-year outlook is unchanged, with a modest second-half profit expected due to improved inflation cost recovery timing. Coats Group will release its interim results on July 28, 2026.
On the LSE, COA.L is down 1.3 percent on Wednesday's trading at 81.95 pence.
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