Restatement to 2015 Results

RNS Number : 4018D

Essentra plc

06 July 2016

 

ESSENTRA PLC

A leading global provider of essential components and solutions

RESTATEMENT OF 2015 RESULTS TO REFLECT NEW ORGANISATIONAL STRUCTURE

Further to the adoption of its new organisational structure with effect from 1 January 2016, Essentra plc today presents its interim results for the six months ended 30 June 2015 (unaudited) and full year results for the 12 months ended 31 December 2015, as re-stated for the new structure.

Half year results to 30 June 2015 (unaudited):

	Revenue (£m)	Like-for-like revenue growth1,2	Total revenue growth2	Adj. operating profit3 (£m)	Adj. operating margin3
BY STRATEGIC BUSINESS UNIT
Component Solutions	147.1	-1%	2%	31.8	21.6%
Health & Personal Care Packaging	203.5	0%	107%	24.7	12.1%
Filtration Products	202.3	6%	6%	34.2	16.9%
Elims. / central services	(2.5)			(8.8)	-
TOTAL GROUP	550.4	2%	27%	81.9	14.9%

¹ Excludes the impact of acquisitions, disposals

² Versus the equivalent period in 2014 at constant exchange rates

³ Before intangible amortisation and exceptional operating items

Full year results to 31 December 2015 (unaudited):

	Revenue (£m)	Like-for-like revenue growth1, 2	Total revenue growth2	Adj. operating profit3 (£m)	Adj. operating margin3
BY STRATEGIC BUSINESS UNIT
Component Solutions	286.2	2%	0%	58.1	20.3%
Health & Personal Care Packaging	422.6	0%	118%	57.5	13.6%
Filtration Products	394.4	2%	2%	72.1	18.3%
Elims. / central services	(5.1)			(16.2)	-
TOTAL GROUP	1,098.1	1%	27%	171.5	15.6%

¹ Excludes the impact of acquisitions, disposals

² Versus the equivalent period in 2014 at constant exchange rates

³ Before intangible amortisation and exceptional operating items

Essentra plc will present its half year results for the six months ended 30 June 2016 on 29 July 2016.

Enquiries

Essentra plc Joanna Speed, Corporate Affairs Director Tel: [phone]

Ogilvy PR London James Stewart Tel: [phone]

Notes to Editors

Essentra plc is a FTSE 250 company and a leading global provider of essential components and solutions.  Essentra focuses on the light manufacture and distribution of high volume, essential components which serve customers in a wide variety of end-markets and geographies.

Component Solutions

The Components business is a global market leading manufacturer and distributor of plastic injection moulded, vinyl dip moulded and metal items.  Operating units in 29 countries serve a very broad industrial base of customers with a rapid supply of products for a variety of applications in industries such as equipment manufacturing, automotive, fabrication, electronics and construction.

The Pipe Protection Technologies business specialises in the manufacture of high performance innovative products from commodity resins to engineering-grade thermoplastics and polymer alloys for use in a range of end-markets.  Locations in four countries, combined with a wide distributor network, serve customers around the world.

Essentra Extrusion is a leading custom profile extruder located in the Netherlands which offers a complete design and production service.  One of the first companies to extrude plastics in 1956, Essentra is now one of Europe's most advanced suppliers of co-extrusion and tri-extrusion to all branches of industry.

The Security business has access to a wide portfolio of products and services, including printers, software and consumables from leading manufacturers.

Health & Personal Care Packaging

A leading global provider of packaging and authentication solutions to a diversified blue-chip customer base in the pharmaceutical, health & personal care, consumer and specialist packaging sectors.  The business focuses on delivering value-adding innovation, quality and service through the provision of a wide range of printed products and solutions, including cartons, tapes, leaflets, foils, labels and authentication solutions.

The Speciality Tapes business has expertise in coating multiple adhesive systems in numerous technologies.  With close to 3,000 adhesive products available for same-day shipping, Essentra's products can meet all high performance needs, from foam, magnetic, finger lift and acrylic high bond tapes to hook and loop and non-skid foam.

Filtration Products

Essentra Filter Products is the only global independent cigarette filter supplier.  The nine worldwide locations, including a dedicated Technology Centre supported by three regional development facilities, provide a flexible infrastructure strategically positioned to serve the tobacco industry.  The business supplies a wide range of value-adding high quality innovative filters, packaging solutions to the roll your own segment and analytical laboratory services for ingredient measurement to the industry.

Essentra Porous Technologies is a leading developer and manufacturer of custom fluid handling components, engineered from a portfolio of technologies that includes bonded and non-woven fibre, polyurethane foam and porous plastics.  Representing innovations used in healthcare, consumer and industrial applications, its enabling components are found in a wide range of products from medical diagnostics tests to advanced wound care pads, inkjet printer cartridges, writing instruments, clean room wipes and air fresheners.

Headquartered in the United Kingdom, Essentra's global network extends to 33 countries and includes c. 9,000 employees, 53 principal manufacturing facilities, 64 sales & distribution operations and 5 research & development centres. For further information, please visit www.essentraplc.com.

 

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