As expected, Elementis’ AGM statement highlights challenging conditions in certain markets but full year expectations are unchanged. Prior year comps are tough on both sides of the business (oilfield and China declined from Q2’15), which is evident in the Q1 headlines. Specialties sales were -7% year on year, held back particularly by oilfield (-37%) and Latin America (-9%). Sequentially, oilfield volumes were broadly in line with recent quarters. Personal care sales increased by a robust 4%. Ch ....
27 Apr 2016
Full year guidance maintained amid signs of stability
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Full year guidance maintained amid signs of stability
Elementis plc (ELM:LON) | 140 -1.4 (-0.7%) | Mkt Cap: 823.0m
- Published:
27 Apr 2016 -
Author:
James Tetley -
Pages:
3
As expected, Elementis’ AGM statement highlights challenging conditions in certain markets but full year expectations are unchanged. Prior year comps are tough on both sides of the business (oilfield and China declined from Q2’15), which is evident in the Q1 headlines. Specialties sales were -7% year on year, held back particularly by oilfield (-37%) and Latin America (-9%). Sequentially, oilfield volumes were broadly in line with recent quarters. Personal care sales increased by a robust 4%. Ch ....