UK's Coats rises as threadmaker lifts medium-term targets

Coats

05/03/2026 13:35

** Shares of British thread manufacturer Coats Group COA.L up 9.8% at 96p; stock biggest percentage gainer on FTSE-250 index .FTMC

** COA expects more than 5% revenue growth, on average, in the medium-term

** Raises forecast for medium-term operating margin; now expects it between 21% and 23%, from 19% to 21% earlier

** Says it would have cumulative free cash flow of about $1 billion in next five years

** Posts annual adjusted operating profit of $290 million, up from $272 million in 2024

** In 2025, COA shares fell ~10.5%

 (Reporting by Rishab Shaju in Bengaluru)

 ((Rishab.shaju@thomsonreuters.com ; +91 9048142177))