RESTATEMENT OF 2014 RESULTS

RNS Number : 1729S

Essentra plc

03 July 2015

 

3^rd July 2015

ESSENTRA PLC

A leading global provider of essential components and solutions

RESTATEMENT OF 2014 RESULTS TO REFLECT NEW ORGANISATIONAL STRUCTURE

Further to the adoption of its new organisational structure with effect from 1 January 2015, Essentra plc today presents its interim results for the six months ended 30 June 2014 (unaudited) and full year results for the 12 months ended 31 December 2014, as re-stated for the new structure.

Half year results to 30 June 2014 (unaudited):

	Revenue (£m)	Like-for-like revenue growth1,2	Total revenue growth2	Adj. operating profit3 (£m)	Adj. operating margin3
BY STRATEGIC BUSINESS UNIT
Distribution	124.0	4%	10%	31.2	25.1%
Health & Personal Care Packaging	86.1	(3%)	66%	15.3	17.8%
Filter Products	141.7	22%	22%	17.6	12.4%
Specialist Technologies	79.6	2%	2%	13.8	17.3%
Elims. / central services	(0.3)	-	-	(8.9)	-
TOTAL GROUP	431.1	9%	20%	69.0	16.0%

¹ Excludes the impact of acquisitions, disposals

² Versus the equivalent period in 2013 at constant exchange rates

³ Before intangible amortisation and exceptional operating items

Analysed by destination, HY 2014 revenue was £223.9m to Europe and Africa, £130.4m to Americas and £76.8m to Asia and Middle East.

Full year results to 31 December 2014:

	Revenue (£m)	Like-for-like revenue growth1, 2	Total revenue growth2	Adj. operating profit3 (£m)	Adj. operating margin3
BY STRATEGIC BUSINESS UNIT
Distribution	244.0	5%	11%	56.9	23.3%
Health & Personal Care Packaging	169.3	5%	28%	30.8	18.2%
Filter Products	291.5	16%	16%	39.0	13.4%
Specialist Technologies	162.1	5%	4%	29.8	18.4%
Elims. / central services	(1.2)	-	-	(14.0)	-
TOTAL GROUP	865.7	9%	14%	142.5	16.5%

¹ Excludes the impact of acquisitions, disposals

² Versus the equivalent period in 2013 at constant exchange rates

³ Before intangible amortisation and exceptional operating items

Analysed by destination, FY 2014 revenue was £438.6m to Europe and Africa, £260.0m to Americas and £167.1m to Asia and Middle East.

Essentra plc will present its half year results for the six months ended 30 June 2015 on 31 July 2015.

Enquiries

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

Buchanan Richard Oldworth Charles Ryland Helen Chan 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, enabling components which serve customers in a wide variety of end-markets and geographies.

Distribution

The Components business is a global market leading manufacturer and distributor of plastic injection moulded, vinyl dip moulded and metal items.  Operating units in 27 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 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.

The Security business has been at the forefront of ID technology for over 30 years, and has access to the widest 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, and to the paper and board industries.  The business focuses on delivering value-adding innovation, quality and service through the provision of a wide range of products and solutions, including cartons, tapes, leaflets, foils, labels and authentication solutions.

Filter Products

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 to ingredient measurement to the industry.

Specialist Technologies

A leading provider of specialised solutions to an international customer base in a diverse range of end-markets, including oil and gas, construction, point of sale, health & personal care and consumer goods.

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.

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.

Headquartered in the United Kingdom, Essentra's global network extends to 33 countries and includes c. 9,000 employees, 69 principal manufacturing facilities, 64 sales & distribution operations and 5 research & development centres. For further information, please visit www.essentra.com.

 

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