REG - Essentra plc - 2026 AGM Trading Update

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RNS Number : 9824E  Essentra plc  20 May 2026

Essentra PLC

("Essentra", the "Group" or the "Company")

AGM Trading Update

Trading in line, FY26 expectations unchanged

 

Essentra plc, a leading global provider and manufacturer of essential
components and solutions, provides a trading update for the four months ended
2 May 2026 (the "period"), ahead of its Annual General Meeting, to be held at
13:00 BST today.

 

Trading update

Despite the volatile macroeconomic backdrop, the Group traded in line with the
Board's expectations during the first four months of 2026. Order intake
momentum was maintained and is ahead of sales, supported by a disciplined
approach to pricing and a continued focus on faster-growth end-markets.

Group revenue increased by 7.2%, on a constant currency, trading day adjusted
basis compared to the same period in 2025. Like-for-like(1) sales increased by
5.2%, reflecting a combination of pricing and volume, alongside 2.0% inorganic
growth from the acquisition of Device Technologies which completed in December
2025.

Regional performance in the period was mixed. On a like-for-like, day adjusted
basis, EMEA delivered high-single digit growth driven by both volume and
pricing, including some early, albeit modest, indications of recovery across
West Europe and continued strength in Turkey. The Americas delivered low
single-digit growth in the period primarily reflecting ongoing pricing
actions. APAC trading was broadly flat compared to the prior year.

Across all three regions, faster‑growth end‑markets, including digital
infrastructure and energy transformation continue to offset modest softness in
traditional core markets such as automotive.

The business remains focused on operating efficiency initiatives, including
automation investments and rigorous cost control, supporting Group margin.

The Group's direct exposure to the Middle East is limited and there was no
material direct impact on trading in the period. Essentra remains
well-positioned with a diversified customer base, in‑region manufacturing
and localised supply chains. The Group also retains pricing agility with
management implementing a further round of pricing actions across all regions
in Q2 to help mitigate inflationary pressures.

The balance sheet remains robust. Net debt leverage at the half year is
expected to be c1.6x following the agreement to acquire Boteco, an expert
designer and manufacturer of mechanical components, for an initial cash
consideration of €7.4m, announced separately today. Boteco is expected to be
accretive to Group margins and adjusted EPS in the first full year
post-completion.

 

Outlook

The Board's FY26 expectations remain unchanged. While mindful of ongoing
geopolitical events the Group remains well-positioned, benefitting from agile
supply chains and operational capacity. Essentra will continue to focus on
enhancing its customer proposition in faster‑growing end‑markets whilst
also remaining focused on margin-enhancing activities and shareholder value
creation through business simplification and a segmented customer approach.
This will position the Group well to deliver further growth and strategic
progress towards its medium-term targets during 2026.

 

 

 

 

Enquiries

 Essentra plc                                                             FTI Consulting

 Rowan Baker, Chief Financial Officer                                     Richard Mountain

 Claire Goodman, Head of Investor Relations                               Ariadna Peretz

 investorrelations@essentra.com (mailto:investorrelations@essentra.com)   FTI_essentra@fticonsulting.com (mailto:FTI_essentra@fticonsulting.com)

 Tel: +44 (0)1908 359100                                                  Tel: +44 (0)20 3727 1340

Notes:

1.     Like-for-like ("LFL") excludes the impact of Device Technologies
acquisition and foreign exchange

 

Notes to Editors

About Essentra plc

Essentra plc is a leading global provider of essential components and
solutions, focusing on the manufacture and distribution of plastic injection
moulded, vinyl dip moulded and metal items. Headquartered in the United
Kingdom, Essentra's global network extends to 28 countries worldwide and
includes c.3,000 employees, 14 manufacturing facilities, 25 distribution
centres and 35 sales & service centres serving c.76,000 customers with a
rapid supply of low cost but essential products for a variety of applications
in industries such as equipment manufacturing, automotive, fabrication,
electronics, medical and renewable energy. For further information, please
visit www.essentraplc.com (http://www.essentraplc.com)

LEI: 5493007MOZNA03BVNE96

Cautionary forward-looking statement

These results contain forward-looking statements based on current expectations
and assumptions. Various known and unknown risks, uncertainties and other
factors may cause actual results to differ from future results or developments
expressed or implied from the forward-looking statements. Each forward-looking
statement speaks only as of the date of this document. The Company accepts no
obligation to revise or update these forward-looking statements publicly or
adjust them to future events or developments, whether as a result of new
information, future events or otherwise, except to the extent legally
required.

 

 

 

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