Today’s interims confirm strong growth in sales (+24%) and operating profit (+26%) driven by a first time contribution from SummitReheis and a profit windfall in the Surfactants division. Importantly, the integration of SummitReheis in on track and full year guidance is maintained. Energy and Personal Care are the standout performers within Specialties (revenue +78% and +25% respectively) whilst Coatings was more mixed (+2%). Chromium has returned to growth and remains positioned to improve on l ....
01 Aug 2017
N+1 Singer - Elementis - Summit integration on track; guidance maintained
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N+1 Singer - Elementis - Summit integration on track; guidance maintained
Elementis plc (ELM:LON) | 140 -1.4 (-0.7%) | Mkt Cap: 823.0m
- Published:
01 Aug 2017 -
Author:
James Tetley -
Pages:
6
Today’s interims confirm strong growth in sales (+24%) and operating profit (+26%) driven by a first time contribution from SummitReheis and a profit windfall in the Surfactants division. Importantly, the integration of SummitReheis in on track and full year guidance is maintained. Energy and Personal Care are the standout performers within Specialties (revenue +78% and +25% respectively) whilst Coatings was more mixed (+2%). Chromium has returned to growth and remains positioned to improve on l ....