Operating performance was more in focus in H116 given relatively lower-level distractions from non-trading items. Underlying margin increases were achieved by both divisions with little overall assistance from markets. Greater clarity on the group pension position – and the implications for future strategic investment and dividend payouts – is edging closer. Valuation multiples are little changed and remain low on P/E and EV bases.
17 Aug 2016
Increasing business focus to highlight valuation
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Increasing business focus to highlight valuation
Coats Group plc (COA:LON) | 78.6 -0.6 (-0.9%) | Mkt Cap: 1,257m
- Published:
17 Aug 2016 -
Author:
Toby Thorrington -
Pages:
7
Operating performance was more in focus in H116 given relatively lower-level distractions from non-trading items. Underlying margin increases were achieved by both divisions with little overall assistance from markets. Greater clarity on the group pension position – and the implications for future strategic investment and dividend payouts – is edging closer. Valuation multiples are little changed and remain low on P/E and EV bases.