Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
Settings
Settings
Dynamic quotes 
OFFON

4-Traders Homepage  >  Equities  >  London Stock Exchange  >  Essentra    ESNT   GB00B0744359

ESSENTRA (ESNT)
Mes dernières consult.
Most popular
Delayed Quote. Delayed  - 10/20 05:35:03 pm
502.5 GBp   -2.05%
10/18ESSENTRA PLC : quaterly sales release
09/28 ESSENTRA : ex-dividend day for interim dividend
09/26 ESSENTRA : warns on hurricane hit
SummaryQuotesChartsNewsAnalysisCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsSector newsTweets

Essentra : full-year profit falls 26 percent on integration woes at biggest unit

share with twitter share with LinkedIn share with facebook
share via e-mail
0
02/17/2017 | 09:34am CEST

Essentra Plc (>> Essentra PLC), a supplier of speciality plastic and packaging components, said full-year profit fell 26 percent on flagging sales at its health and personal care packaging unit, due to integration issues from an acquisition completed in 2015.

Essentra Plc (>> Essentra PLC), a supplier of speciality plastic and packaging components, said full-year profit fell 26 percent on flagging sales at its health and personal care packaging unit, due to integration issues from an acquisition completed in 2015.

This reiterates the challenges the company has been facing, prompting it to issue profit warnings three times in the past 12 months.

Essentra shares opened 3.9 percent lower at 405 pence at 0805 GMT on Friday on the London Stock Exchange.

The health and personal care packaging unit, which bought the specialist packaging division of the Clondalkin Group, is the company's biggest business, accounting for about 40 percent of total revenue. Operating profit at the unit fell 44 percent.

Milton Keynes, Buckinghamshire-based Essentra had indicated on Jan. 23 that sales at the business were more challenging than previously expected after the consolidation of assets bought from the Clondalkin Group.

The company had said in January that its new chief executive had initiated a strategic review of the company and that the health and personal care unit would be receiving "specific short-term focus and remedial attention" from him. [nL4N1FD2T9]

Essentra does not expect an improvement in the unit's performance in the near term, the company said on Friday, adding that the challenges faced at the business would hurt its like-for-like sales and adjusted operating profit in 2017.

Essentra completed its $455 million acquisition of the Clondalkin Group assets from an affiliate of Warburg Pincus in February 2015. (http://reut.rs/2kZhIp2)

"In particular, the integration issues primarily relating to the Clondalkin acquisition in Health & Personal Care Packaging... not only resulted in additional cost but also in an accelerating decline in the underlying trading position at the impacted sites," the company said in a statement.

The company, which was formed after being demerged from Bunzl Plc (>> Bunzl plc) in June 2005, said full-year pretax profit fell to 119 million pounds ($148.62 million) from 161 million pounds a year earlier. [nRSQ1628Xa]

Like-for-like revenue, excluding its Porous Technologies business that is set to be divested, fell 9.1 percent to 999 million pounds at constant currency rates.

($1 = 0.8007 pounds)

(Reporting by Vidya L Nathan in Bengaluru; Editing by Sunil Nair and Subhranshu Sahu)

Stocks treated in this article : Bunzl plc, Essentra PLC
share with twitter share with LinkedIn share with facebook
share via e-mail
0
Latest news on ESSENTRA
10/18ESSENTRA PLC : quaterly sales release
09/28 ESSENTRA : ex-dividend day for interim dividend
09/26 ESSENTRA : Hurricane hits Essentra packaging production
09/26 ESSENTRA : warns on hurricane hit
09/15 ESSENTRA : Components announces externship program in collaboration with Erie In..
09/08 ESSENTRA : wins silver award from sustainability ratings agency
08/02 ESSENTRA : Wins Editor's Choice Award at Asian Manufacturing Awards 2017
07/28 ESSENTRA : packaging facility co-funded by Welsh Government to close
07/28 ESSENTRA : first-half profit sinks; improvement seen in second half
07/27 ESSENTRA : Mary Reilly-Appointment to the Board of Mitie Grp
More news
News from SeekingAlpha
2015 Market Vectors Investment Grade Floating Rate ETF announces monthly distribut..
Financials ( GBP)
Sales 2017 1 020 M
EBIT 2017 86,1 M
Net income 2017 48,0 M
Debt 2017 186 M
Yield 2017 4,04%
P/E ratio 2017 27,94
P/E ratio 2018 31,47
EV / Sales 2017 1,50x
EV / Sales 2018 1,51x
Capitalization 1 349 M
Chart ESSENTRA
Duration : Period :
Essentra Technical Analysis Chart | ESNT | GB00B0744359 | 4-Traders
Technical analysis trends ESSENTRA
Short TermMid-TermLong Term
TrendsNeutralNeutralBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus HOLD
Number of Analysts 7
Average target price 5,55  GBP
Spread / Average Target 8,2%
EPS Revisions
Managers
NameTitle
Paul Forman Chief Executive Officer & Executive Director
Paul John Lester Non-Executive Chairman
Stefan Schellinger Director-Group Finance & Executive Director
Terry Twigger Senior Independent Non-Executive Director
Lorraine Trainer Independent Non-Executive Director
Sector and Competitors
1st jan.Capitalization (M$)
ESSENTRA11.93%1 793
PHILIP MORRIS INTERNATIONAL18.21%174 749
BRITISH AMERICAN TOBACCO4.47%147 581
IMPERIAL BRANDS-10.63%39 947
SWEDISH MATCH1.41%6 607
PHILIP MORRIS CR, A.S.--.--%1 447