Business
2017 Full Year results
2017 Full Year results.
About this update from Coats Group Plc
[{"type":"text","content":"\n \nRNS Number : 9899F Coats Group PLC 27 February 2018 \n\n27 February 2018\n \nCoats Group plc\n \n2017 Full Year results\nCoats Group plc ('Coats' or the 'Company'), the world's leading industrial thread manufacturer, today announces its unaudited preliminary results for the year ended 31 December 2017. \n \n \n\n\n\n\n \n* denotes a KPI\n\n\n2017 \n\n\n2016 \n\n\nChange\n\n\nCER change 1\n\n\nOrganic change 1\n\n\n\n\n \n\n\n \n\n\n \n\n\n \n\n\n \n\n\n \n\n\n \n\n\n\n\nRevenue\n\n\n \n\n\n$1,510m\n\n\n$1,457m\n\n\n4%\n\n\n4%\n\n\n*3%\n\n\n\n\nAdjusted 1\n\n\n \n\n\n \n\n\n \n\n\n \n\n\n \n\n\n \n\n\n\n\nOperating profit \n\n\n \n\n\n$174m\n\n\n$158m\n\n\n10%\n\n\n11%\n\n\n*9%\n\n\n\n\nBasic earnings per share\n\n\n6.4c\n\n\n4.9c\n\n\n*30%\n\n\n \n\n\n \n\n\n\n\nFree cash flow\n\n\n \n\n\n*$87m\n\n\n$78m\n\n\n12%\n\n\n \n\n\n \n\n\n\n\nReturn on capital employed (ROCE) 2\n\n\n*35%\n\n\n35%\n\n\n-\n\n\n \n\n\n \n\n\n\n\nReported 5\n\n\n \n\n\n \n\n\n \n\n\n \n\n\n \n\n\n\n\nOperating profit\n\n\n$167m\n\n\n$153m\n\n\n9%\n\n\n \n\n\n \n\n\n\n\nBasic earnings per share\n\n\n5.8c\n\n\n4.3c\n\n\n35%\n\n\n \n\n\n \n\n\n\n\nNet cash generated by operating activities 3\n\n\n$(232)m\n\n\n$8m\n\n\nn/a\n\n\n \n\n\n \n\n\n\n\nFull year dividend per share 4\n\n\n1.44c\n\n\n1.25c\n\n\n15%\n\n\n \n\n\n \n\n\n\n\n \nHighlights\n \n· Revenue growth of 4% to $1,510 million; driven by Apparel and Footwear (up 5%) and Performance Materials (up 12%), with some offset due to a weak performance in North America Crafts. \n· Adjusted operating profit up 11% to $174 million (reported $167 million, up 9%); Group operating margin up 70bps to 11.5%. \n· Adjusted EPS up 30% to 6.4 cents (reported EPS of 5.8 cents, up 35%) as a result of higher operating profits, a further reduction in effective tax rate and a reduction in finance costs.\n· Adjusted free cash flow growth of 12% to $87 million; which includes a $10 million year-on-year ...