REG - Elementis PLC - Trading Update

ElementisAnnouncement

21/01/2025 07:00

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RNS Number : 0269U  Elementis PLC  21 January 2025

 

21 January 2025

 

 

 

Elementis plc

Trading Update

 

Results ahead of expectations, continued strategic progress.

Elementis plc ("Elementis" or the "Group"), a global specialty chemicals
company, today issues its scheduled trading update for the three months and
year ended 31 December 2024.

 

Elementis will publish its results for the financial year to 31 December 2024
on 6(th) March 2025.

 

A strong performance, ahead of expectations

The Group has delivered a strong fourth quarter performance, with continued
revenue growth and double-digit profit growth across Coatings and Personal
Care, compared with Q4 2023.

 

As a result, adjusted operating profit for the financial year 2024 is expected
to be in the range of $126-128 million, ahead of expectations(1), and
significantly higher compared with the prior year (2023: $104 million).

 

Adjusted operating margin above 17% for the 2024 financial year (2023: 14.6%)
demonstrates good progress on the efficiency and growth programmes, introduced
at the November 2023 Capital Markets Day.

 

Cash generation strengthens balance sheet

Strong cash generation supported further deleveraging, with net debt
anticipated to be below $160 million (pre IFRS 16) at the end of the financial
year 2024 (2023: $202 million). This represents a leverage ratio of
approximately 1.0x net debt to EBITDA (pre IFRS 16), down from 1.5x at the
start of the year.

 

Talc strategic review

The strategic review of Talc, announced on 1(st) August, is progressing and a
further update will be provided in due course.

 

 

Note: 1. Based on company compiled consensus: FY 2024 adjusted operating
profit range of $121-125 million.

 

Enquiries

Investors:          Eva Hatfield, Elementis
plc                                Tel: +44 7553
340380

Press:               Olivia Peters/Martin Robinson,
Teneo                 Tel: +44 (0) 20 7353 4200

 

 

 

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