Business
2022 Full Year Results
2022 Full Year Results.
About this update from Coats Group Plc
[{"type":"text","content":"\n \n 2March 2023\n \n \n \n \n \n \n \n Coats Group plc\n \n \n \n \n 2022 Full Year Results\n \n \n \n \n \n \n \n \n \n 10% organic revenue growth, 22% organic adjusted operating profit growth and strong free cash flow\n \n \n \n \n \n \n Coats Group plc ('Coats,' the 'Company' or the 'Group'), the world's leading industrial thread and footwear components manufacturer, announces its audited results for the year ended 31 December 2022.\n \n \n \n \n \n \n \n \n \n \n \n \n Continuing operations\n \n \n \n \n \n FY 2022\n \n \n \n \n \n \n FY 2021\n \n \n 4\n \n \n \n \n \n \n FY 2022 vs FY 2021\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 \n \n \n \n \n \n \n Reported\n \n \n \n \n CER\n \n \n \n \n Organic\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 \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 \n \n \n \n Revenue\n \n \n \n \n $1,584m\n \n \n \n \n $1,447m\n \n \n \n \n 9%\n \n \n \n \n 16%\n \n \n \n \n 10%\n \n \n \n \n \n \n \n Adjusted\n \n \n 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 \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n Operating profit\n \n \n \n \n $235m\n \n \n \n \n $198m\n \n \n \n \n 19%\n \n \n \n \n 27%\n \n \n \n \n 22%\n \n \n \n \n \n \n Basic earnings per share\n \n \n \n \n 8.2c\n \n \n \n \n 7.2c\n \n \n \n \n 14%\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n Free cash flow\n \n \n \n \n $114m\n \n \n \n \n $124m\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 \n Net debt (excl. lease liabilities)\n \n \n \n \n $394m\n \n \n \n \n $147m\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 \n \n Reported\n \n \n 2\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 \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n Operating profit\n \n \n \n \n $181m\n \n \n \n \n $178m\n \n \n \n \n 2%\n \n \n \n \n 9%\n \n \n \n \n 9%\n \n \n \n \n \n \n Basic earnings per share\n \n 5\n \n \n \n \n \n 4.8c\n \n \n \n \n 5.8c\n \n \n \n \n (18)%\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n Net cash generated by operating activities\n \n \n \n \n $96m\n \n \n \n \n $129m\n \n \n \n ...