Business
RESTATEMENT OF 2017 RESULTS FOR NEW STRUCTURE
RESTATEMENT OF 2017 RESULTS FOR NEW STRUCTURE.
About this update from Essentra Plc
[{"type":"text","content":"\n \nRNS Number : 3030U Essentra plc 11 July 2018 \n\nESSENTRA PLC\nRESTATEMENT OF 2017 RESULTS TO REFLECT NEW DIVISIONAL STRUCTURE\nFurther to the adoption of its new divisional structure with effect from 1 January 2018, Essentra plc today presents its interim results for the six months ended 30 June 2017 (unaudited) and full year results for the 12 months ended 31 December 2017 on a pro forma basis.\nThe results are provided on a continuing operations basis, excluding Porous Technologies which was divested on 6 March 2017.\nHalf year results to 30 June 2017 (unaudited):\n\n\n\n\n\n\nRevenue (£m) \n\n\nLike-for-like revenue growth1\n\n\nTotal revenue growth\n\n\nAdj. operating profit2 (£m)\n\n\nAdj. operating margin2\n\n\n\n\nBY DIVISION\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\nComponents\n\n\n120.7\n\n\n+3.9%\n\n\n+13.2%\n\n\n26.3\n\n\n21.8%\n\n\n\n\nPackaging\n\n\n184.6\n\n\n-9.0%\n\n\n-1.4%\n\n\n0.7\n\n\n0.4%\n\n\n\n\nFilters\n\n\n136.7\n\n\n-9.4%\n\n\n+2.9%\n\n\n16.1\n\n\n11.8%\n\n\n\n\nSpecialist Components\n\n\n83.5\n\n\n+8.3%\n\n\n+18.3%\n\n\n7.5\n\n\n9.0%\n\n\n\n\nElims.3 / central services\n\n\n(2.9)\n\n\n\n\n\n\n\n\n(7.5)\n\n\n\n\n\n\n\nCosts allocated to Porous Technologies\n\n\nn/a\n\n\n\n\n\n\n\n\n(0.3)\n\n\n\n\n\n\n\nTOTAL GROUP - CONTINUING\n\n\n522.6\n\n\n-4.0%\n\n\n+5.6%\n\n\n42.8\n\n\n8.2%\n\n\n\n\n\n\n\n\n\n\n\n\n\n1 Excludes the impact of acquisitions, disposals and foreign exchange\n2 Before intangible amortisation and exceptional operating items \n3 Eliminations, being intersegment revenue\n \nFull year results to 31 December 2017 (unaudited):\n\n\n\n\n\n\nRevenue (£m) \n\n\nLike-for-like revenue growth1\n\n\nTotal revenue growth\n\n\nAdj. operating profit2 (£m)\n\n\nAdj. operating margin2\n\n\n\n\nBY DIVISION\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\nComponents\n\n\n241.8\n\n\n+5.9%\n\n\n+11.0%\n\n\n53.6\n\n\n22.2%\n\n\n\n\nPackaging\n\n\n350.5\n\n\n-9.1%\n\n\n-5.4%\n\n\n(1.8)\n\n\nn/m\n\n\n\n\nFilters\n\n\n277.5\n\n\n-3.4%\n\n\n+3.1%\n\n\n34.8\n\n\n12.5%\n\n\n\n\nSpecialist Components\n\n\n163.6\n\n\n+6.8%\n\n\n+11.7%\n\n\n14.1\n\n\n8.6%\n\n\n\n\nElims.3 / central services\n\n\n(6.1)\n\n\n\n\n\n\n\n\n(15.8)\n\n\n\n\n\n\n\nCosts allocated to Porous Technologies\n\n\nn/a\n\n\n\n\n\n\n\n\n(0.3)\n\n\n\n\n\n\n\nTOTAL GROUP - CONTINUING\n\n\n1,027.3\n\n\n-2.0%\n\n\n+2.9%\n\n\n84.6\n\n\n8.2%\n\n\n\n1 Excl...