Business
Preliminary results Year Ended 31 December 2015
Preliminary results Year Ended 31 December 2015.
About this update from Coats Group Plc
[{"type":"text","content":"\n \nRNS Number : 0885Q Coats Group PLC 25 February 2016 \n\n \n25 February 2016\n \nCoats Group plc\n \n2015 full year results\n \n \nCoats Group plc ('Coats' or the 'Company'), the world's leading industrial thread manufacturer, today announces its unaudited results for the year ended 31 December 2015.\n \nHighlights\n \n· Operating profit up 19% to $139 million on a like-for-like basis before exceptional items (13% reported)\n· Group operating margin up 130bps to 9.4% (like-for-like); good growth in both Industrial and Crafts\n· Adjusted EPS up 38% to 3.96c (like-for-like); reported EPS of (3.30)c primarily impacted by discontinued items related to disposal of EMEA Crafts\n· Adjusted free cash flow of $74 million ($88 million in 2014)\n· Strengthened business portfolio with disposal of loss-making EMEA Crafts business and first acquisition\n· Repositioned Company as a UK headquartered, global industrial manufacturing business and made a number of Director changes\n· Initiated settlement discussions with the Trustees of the Company's three UK pension schemes to attempt a resolution of the ongoing pensions investigations\n \n \n\n\n\n\n* Denotes a KPI\n\n\n2015 \n\n\n2014 reported 1\n\n\n2014\nlike-for-like1,2\n\n\nReported change\n\n\nLike-for-like change\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$1,490m\n\n\n$1,561m\n\n\n$1,445m\n\n\n(5)%\n\n\n* 3%\n\n\n\n\nOperating profit\n\n\nreported\n\n\n$118m\n\n\n$103m\n\n\n\n\n\n14%\n\n\n\n\n\n\n\n\n\n\npre-exceptional 3\n\n\n$139m\n\n\n$123m\n\n\n$117m\n\n\n13%\n\n\n* 19%\n\n\n\n\nEarnings per share\n\n\nreported\n\n\n(3.30)c\n\n\n1.06c\n\n\n\n\n\nn/a\n\n\n\n\n\n\n\n\n\n\nreported - continuing\n\n\n2.09c\n\n\n2.99c\n\n\n\n\n\n(30)%\n\n\n\n\n\n\n\n\n\n\nadjusted 4\n\n\n3.96c\n\n\n3.08c\n\n\n2.88c\n\n\n29%\n\n\n* 38%\n\n\n\n\nFree cash flow\n\n\nadjusted 5\n\n\n* $74m\n\n\n$88m\n\n\n\n\n\n(16)%\n\n\n\n\n\n\n\nReturn on capital employed 6\n\n\n* 33%\n\n\n24%\n\n\n\n\n\n900bps\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n \n \nCommenting on Coats full year&nb...