Trading in the first four months of FY16 largely mirrors management’s balanced outlook comments with the FY15 results, and EBIT guidance is unchanged. We have reduced PBT estimates slightly to reflect the latest pension scheme recovery plan update. Progress in resolving legacy issues is welcome and the large Coats scheme is next to be addressed.
19 May 2016
Mixed trading conditions, further pension progress
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Mixed trading conditions, further pension progress
Coats Group plc (COA:LON) | 81.8 -0.6 (-0.9%) | Mkt Cap: 1,306m
- Published:
19 May 2016 -
Author:
Toby Thorrington -
Pages:
3
Trading in the first four months of FY16 largely mirrors management’s balanced outlook comments with the FY15 results, and EBIT guidance is unchanged. We have reduced PBT estimates slightly to reflect the latest pension scheme recovery plan update. Progress in resolving legacy issues is welcome and the large Coats scheme is next to be addressed.