Board Change • May 20
High number of new directors There are 5 new directors who have joined the board in the last 3 years. Independent Non-Executive Director Wu Gang was the last director to join the board, commencing their role in 2025. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Duyuru • May 20
Coats Group plc to Report First Half, 2026 Results on Jul 28, 2026 Coats Group plc announced that they will report first half, 2026 results on Jul 28, 2026 Duyuru • May 15
Coats Group plc Announces Board Changes Coats Group plc announces that Tim Cobbold will join the Board as a Non-Executive Director and Chair Designate with effect from July 1, 2026. He will also join the Nomination Committee at this time. Further to the succession plan announced in March 2024, David Gosnell will retire as Chair and from the Board of Coats on July 31, 2026, after eleven years with the Company, having served as Chair from May 2021. Tim will then succeed David as Chair, and Chair of the Nomination Committee, with effect from August 1, 2026. Tim is currently Chair of Spirax Group plc, where he also chairs the Nomination Committee, and he was previously Chair of TI Fluid Systems plc from 2022 to 2025, having initially been appointed as a Non-Executive Director in 2019. He was also a Non-Executive Director of Rotork plc from 2018 to 2024. In his executive career, Tim was the Chief Executive of three FTSE 250 listed companies: UBM plc; De La Rue plc; and Chloride Group plc. Prior to this, he held senior management positions at Smiths Group/TI Group where he worked for 18 years. During his tenure as Chair, the Group has transformed its portfolio, including the creation of a dedicated Footwear division following the acquisitions of Rhenoflex, Texon and, most recently, OrthoLite. The derisking of the UK pension scheme, together with continued focus on sustainability, positions Coats well for future success. Duyuru • May 08
Coats Group plc Announces Appointment of Annette Kelleher to the Board as A Non-Executive Director, Effective 1 June 2026 Coats Group plc announced that Annette Kelleher will join the Board as a Non-Executive Director, effective 1 June 2026. In addition, she will join the Nomination Committee and the Remuneration Committee. Annette has more than 25 years of experience in the international industrials sector and was the Chief Human Resources Officer and on the executive committee of Johnson Matthey plc from 2013 to 2025. Prior to that Annette held a number of senior human resources roles during her tenure with Pilkington Glass and NSG Group and spent considerable time in Asia. Annette is currently a non-executive director of Keller Group plc, where she also chairs the Remuneration Committee, and of the Remuneration Consultants Group. From 2014 to 2023, Annette was a non-executive director of Hill & Smith plc, and chair of the Remuneration Committee from 2016. She was previously an independent Director of Tribunal Services, part of the UK's Ministry of Justice. Duyuru • Apr 10
Coats Group plc Announces Wu Gang's Appointment to the Sustainability Committee, Effective April 8, 2026 Coats Group plc announced that Wu Gang, Non-Executive Director, will join the Coats Sustainability Committee with immediate effect. Effective date: April 8, 2026. Duyuru • Apr 01
Coats Group plc, Annual General Meeting, May 20, 2026 Coats Group plc, Annual General Meeting, May 20, 2026. Location: fti consulting, 200 aldersgate, aldersgate street, ec1a 4hd, london United Kingdom Duyuru • Mar 06
Coats Group plc Proposes Final Dividend, Payable on May 28, 2026 Coats Group PLC proposing a final dividend of 2.28 cents per share, a 4% increase on the prior year. This equates to a full year dividend of 3.28 cents per share, an increase of 5%. Subject to approval at the AGM, the final dividend will be paid on 28 May 2026 to ordinary shareholders on the register at 8 May 2026, with an ex-dividend date of 7 May 2026. Duyuru • Feb 11
Coats Group plc Announces Changes to Board, Effective from May 20, 2026 Coats Group PLC announced that Sarah Highfield, Independent Non-Executive Director, will succeed Fran Philip as the Company's Designated Non-Executive Director for workforce engagement with effect from the conclusion of the Company's AGM on May 20, 2026. Fran Philip will retire from the Board at the 2026 AGM following the completion of her nine-year term. Duyuru • Aug 01
Coats Group plc to Report Fiscal Year 2025 Results on Mar 05, 2026 Coats Group plc announced that they will report fiscal year 2025 results on Mar 05, 2026 Duyuru • Jun 24
Coats Group plc Appoints Wu Gang as A Non-Executive Director and Joins Nomination Committee and the Remuneration Committee with Effect from 1 July 2025 The Board of IG Group Holdings plc announces in accordance with LR 6.4.9R(2) that Wu Gang, Non-Executive Director of the Company, has been appointed as a Non-Executive Director of Coats Group plc with effect from 1 July 2025. In addition, Wu Gang will join the Nomination Committee and the Remuneration Committee. Wu Gang is an investment banker by background with a career of close to 30 years in Asia and Europe. He built and led industry sector and product teams in different geographies and has advised a variety of companies in different industries on strategic transactions and capital raising. Wu Gang set up and ran European Corporate Finance at CITIC CLSA, the international investment banking platform of CITIC Securities in 2014. Prior to that, he led M&A Advisory and Global Industrials groups at ICBC International. He spent his earlier career at Merrill Lynch and HSBC, where he led the Asian Telecoms and Media Investment Banking Group. Wu Gang began his investment banking career at Goldman Sachs. Wu Gang is currently a non-executive director of IG Group Holdings plc, Tritax Big Box REIT plc and Ashurst LLP, where he also chairs the Risk Committee. He was a non-executive director of Laird plc prior to its takeover by Advent and served as a senior advisor at Rothschild & Co. Duyuru • May 22
Coats Group plc Announces Jackie Callaway Did Not Stand for Re-Election and Stepped Down from the Board Coats Group plc announced that at the AGM, held in London on 21 May 2025 announced Jackie Callaway did not stand for re-election and stepped down from the Board following the conclusion of the AGM. Duyuru • May 21
Coats Group plc to Report First Half, 2025 Results on Jul 31, 2025 Coats Group plc announced that they will report first half, 2025 results on Jul 31, 2025 Duyuru • Apr 04
Coats Group plc Announces its Intention to Fully Exit from Performance Materials Division's US Yarns Business Based in Kings Mountain, North Carolina Coats Group plc announced its intention to fully exit from the Performance Materials (PM) division's US Yarns business based in Kings Mountain, North Carolina. This follows the strategic review of the Americas Yarns business which started in Fourth Quarter 2024 and has already resulted in the closure of the Toluca, Mexico facility in December 2024. The strategic review has concluded that the Americas Yarns business does not fit with Coats' future strategy and the exit from this non-core operation will result in a positive annualised impact to both the PM and Group adjusted EBIT margins. The exit process is expected to complete in Second Quarter and is anticipated to generate a modest cash inflow, after closure costs, and will allow management to focus on driving forward and growing other parts of the Group's attractive portfolio. Duyuru • Mar 07
Coats Group plc, Annual General Meeting, May 21, 2025 Coats Group plc, Annual General Meeting, May 21, 2025. Duyuru • Sep 26
Coats Group plc to Report Fiscal Year 2024 Results on Mar 06, 2025 Coats Group plc announced that they will report fiscal year 2024 results on Mar 06, 2025 New Risk • Aug 14
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of German stocks, typically moving 6.8% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks High level of debt (62% net debt to equity). Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Share price has been volatile over the past 3 months (6.8% average weekly change). Duyuru • Aug 12
Coats Group plc Appoints Srinivas Phatak as Non-Executive Director, Audit and Risk Committee and the Nomination Committee, Effective 1 September 2024 Coats Group plc announced that Srinivas Phatak will join the Board as a Non-Executive Director, effective 1 September 2024. In addition, he will join the Audit and Risk Committee and the Nomination Committee. Srinivas is currently the Deputy Chief Financial Officer and Group Controller for Unilever PLC. Srinivas has more than 28 years of experience in the consumer products industry, working in the US, Europe, LATAM and India. During 2017 and 2021, Srinivas was Chief Financial Officer and Executive Director of Hindustan Unilever Limited; a Unilever subsidiary listed in India with market capitalisation of over €60bn. His other Unilever experiences include heading financial shared services, leading finance for supply chain in the Americas, large scale M&A (including integration) and heading global treasury operations for Asia. Declared Dividend • Aug 04
First half dividend of UK£0.0063 announced Shareholders will receive a dividend of UK£0.0063. Ex-date: 17th October 2024 Payment date: 14th November 2024 Dividend yield will be 2.1%, which is higher than the industry average of 0.8%. Sustainability & Growth Dividend is well covered by both earnings (47% earnings payout ratio) and cash flows (39% cash payout ratio). The dividend has increased by an average of 12% per year over the past 7 years. However, payments have been volatile during that time. EPS is expected to grow by 51% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Reported Earnings • Aug 02
First half 2024 earnings released: EPS: US$0.038 (vs US$0.015 in 1H 2023) First half 2024 results: EPS: US$0.038 (up from US$0.015 in 1H 2023). Revenue: US$740.7m (up 3.6% from 1H 2023). Net income: US$60.5m (up 145% from 1H 2023). Profit margin: 8.2% (up from 3.5% in 1H 2023). The increase in margin was primarily driven by higher revenue. Revenue is forecast to grow 5.0% p.a. on average during the next 3 years, compared to a 7.6% growth forecast for the Luxury industry in Europe. Over the last 3 years on average, earnings per share has fallen by 2% per year but the company’s share price has increased by 8% per year, which means it is well ahead of earnings. Duyuru • May 25
Coats Group plc Announces Nicholas Bull Not to Stand for Re-Election as Director Coats Group plc announced that Nicholas Bull did not stand for re-election and retired from the Board following the conclusion of the AGM. Upcoming Dividend • Apr 25
Upcoming dividend of US$0.02 per share Eligible shareholders must have bought the stock before 02 May 2024. Payment date: 30 May 2024. Payout ratio is a comfortable 54% and this is well supported by cash flows. Trailing yield: 2.8%. Lower than top quartile of German dividend payers (4.8%). Higher than average of industry peers (0.7%). Duyuru • Mar 08
Coats Group plc Proposes Final Dividend, Payable on 30 May 2024 Coats Group plc proposed a final dividend of 1.99 cents per share, a 15% increase on the prior year. This equates to a full year dividend of 2.80 cents per share, also an increase of 15%. Subject to approval at the AGM, the final dividend will be paid on 30 May 2024 to ordinary shareholders on the register at 3 May 2024, with an ex-dividend date of 2 May 2024. Reported Earnings • Mar 08
Full year 2023 earnings released: EPS: US$0.052 (vs US$0.048 in FY 2022) Full year 2023 results: EPS: US$0.052 (up from US$0.048 in FY 2022). Revenue: US$1.39b (down 12% from FY 2022). Net income: US$83.2m (up 14% from FY 2022). Profit margin: 6.0% (up from 4.6% in FY 2022). The increase in margin was driven by lower expenses. Revenue is forecast to grow 5.8% p.a. on average during the next 3 years, compared to a 7.3% growth forecast for the Luxury industry in Europe. Over the last 3 years on average, earnings per share has increased by 5% per year whereas the company’s share price has increased by 4% per year. Duyuru • Feb 14
Coats Group plc to Report First Half, 2024 Results on Aug 01, 2024 Coats Group plc announced that they will report first half, 2024 results on Aug 01, 2024 Duyuru • Dec 15
Coats Group plc Appoints Sarah Highfield to the Sustainability Committee with Effect from 1 January 2024 Coats Group plc announced that Sarah Highfield will join the Sustainability Committee with effect from 1 January 2024. Sarah joined the Board on 1 November 2023 as a Non-Executive Director, and she is also a member of the Nomination Committee and a member and Chair Designate of the Audit and Risk Committee. New Risk • Dec 09
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of German stocks, typically moving 6.8% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks High level of debt (62% net debt to equity). Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Share price has been volatile over the past 3 months (6.8% average weekly change). Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (3.2% net profit margin). Significant insider selling over the past 3 months (€618k sold). Duyuru • Dec 06
Coats Group plc to Report Fiscal Year 2023 Results on Mar 11, 2024 Coats Group plc announced that they will report fiscal year 2023 results on Mar 11, 2024 Duyuru • Nov 17
Coats Group plc Announces Board Changes Coats Group plc announces that, following the planned retirement of Nicholas Bull at the Company's 2024 Annual General Meeting after serving nine years on the Board,Steve Murray will be appointed Senior Independent Director. This change will take effect from the conclusion of the AGM, expected to be held on 22 May 2024. Steve joined the Board on 1 September 2022 as a Non-Executive Director, and he is a member of the Audit and Risk Committee, the Nomination Committee and the Remuneration Committee. Duyuru • Oct 06
Coats Group plc, Annual General Meeting, May 22, 2024 Coats Group plc, Annual General Meeting, May 22, 2024. Duyuru • Oct 05
Coats Group plc Appoints Sarah Highfield as Non-Executive Director, Effective 1 November 2023 Coats Group plc announced that Sarah Highfield will join the Board as a Non-Executive Director, effective 1 November 2023. In addition, she will join the Audit and Risk Committee, as Chair Designate, and the Nomination Committee. Subject to shareholder approval of her nomination to the Board, Sarah will succeed Nicholas Bull as Chair of the Audit and Risk Committee following the 2024 Annual General Meeting of the Company expected to be held on 22 May 2024. Sarah was most recently Chief Executive Officer of Elvie, the female technology firm, having previously served as Chief Operating Officer & Chief Financial Officer and Deputy Chief Executive Officer. Sarah was also a Non-Executive Director and Chair of the Audit Committee at Seraphine Group plc, which was listed on the main market from 2021 to 2023. Prior to joining Elvie, Sarah was Group Chief Financial Officer at Costa Coffee for over five years, including during the £3.9 billion sale to The Coca-Cola Company. She was also Chief Financial Officer of Tesco's Hungary and Slovakia businesses. Sarah has significant experience of driving growth globally, including in the US and China. Recent Insider Transactions • Sep 29
Key Executive recently sold €618k worth of stock On the 26th of September, Rajiv Sharma sold around 725k shares on-market at roughly €0.85 per share. This transaction amounted to 14% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. This was Rajiv's only on-market trade for the last 12 months. Buying Opportunity • Sep 19
Now 21% undervalued Over the last 90 days, the stock is up 4.6%. The fair value is estimated to be €1.08, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 10% over the last 3 years. Earnings per share has grown by 15%. Revenue is forecast to grow by 14% in 2 years. Earnings is forecast to grow by 232% in the next 2 years. Duyuru • Sep 02
AEQUITA SE & Co KGaA acquired European Zips business from Coats Group plc (LSE:COA). AEQUITA SE & Co KGaA entered into an agreement to acquire European Zips business from Coats Group plc (LSE:COA) for $1 million on July 4, 2023. The expected nominal cash consideration of around $1 million is after the deduction of typical debt-like items. The transaction is expected to complete in Q3 2023. For FY 2022, the European Zips business generated revenues of around $50 million at operating margins well below the Group average. Jonathan Aiken and Ruari Sinclair of Bda Partners (London) Limited acted as financial advisor to Coats Group plc (LSE:COA).AEQUITA SE & Co KGaA completed the acquisition of European Zips business from Coats Group plc (LSE:COA) on September 1, 2023. Buying Opportunity • Aug 24
Now 21% undervalued Over the last 90 days, the stock is up 9.9%. The fair value is estimated to be €1.09, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 10% over the last 3 years. Earnings per share has grown by 15%. Revenue is forecast to grow by 16% in 2 years. Earnings is forecast to grow by 232% in the next 2 years. New Risk • Aug 02
New minor risk - Profit margin trend The company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 3.2% Last year net profit margin: 5.9% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. Currently, the following risks have been identified for the company: Minor Risks High level of debt (62% net debt to equity). Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (3.2% net profit margin). Shareholders have been diluted in the past year (10% increase in shares outstanding). Duyuru • Aug 02
Coats Group plc Declares Interim Dividend, Payable on 15 November 2023 The Board of Coats Group plc has decided to pay an interim dividend of 0.81 cents per share (30 June 2022: 0.70 cents), a 15% increase on the prior year. The interim dividend will be paid on 15 November 2023 to ordinary shareholders on the register at 20 October 2023, with an ex-dividend date of 19 October 2023. Reported Earnings • Aug 02
First half 2023 earnings released: EPS: US$0.015 (vs US$0.034 in 1H 2022) First half 2023 results: EPS: US$0.015 (down from US$0.034 in 1H 2022). Revenue: US$715.1m (down 11% from 1H 2022). Net income: US$24.7m (down 50% from 1H 2022). Profit margin: 3.5% (down from 6.2% in 1H 2022). Revenue is forecast to grow 7.6% p.a. on average during the next 3 years, compared to a 6.8% growth forecast for the Luxury industry in Germany. Over the last 3 years on average, earnings per share has increased by 15% per year but the company’s share price has only increased by 8% per year, which means it is significantly lagging earnings growth. Duyuru • Jul 06
AEQUITA SE & Co KGaA entered into an agreement to acquire European Zips business from Coats Group plc (LSE:COA) for $1 million. AEQUITA SE & Co KGaA entered into an agreement to acquire European Zips business from Coats Group plc (LSE:COA) for $1 million on July 4, 2023. The expected nominal cash consideration of around $1m is after the deduction of typical debt-like items. The transaction is expected to complete in Q3 2023. For FY 2022, the European Zips business generated revenues of around $50m at operating margins well below the Group average. Buying Opportunity • May 29
Now 21% undervalued after recent price drop Over the last 90 days, the stock is down 8.9%. The fair value is estimated to be €0.98, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 9.2% over the last 3 years. Earnings per share has grown by 14%. For the next 3 years, revenue is forecast to grow by 4.7% per annum. Earnings is also forecast to grow by 27% per annum over the same time period. Duyuru • May 23
Coats Group plc Appoints Jackie Callaway as Non-Executive Director and Member of the Nomination and Audit Committees Coats Group plc announced that it has been notified that Jackie Callaway, currently Chief Financial Officer and an Executive Director of the Company, has been appointed as a non-executive director and member of the Nomination and Audit Committees of IMI plc, the specialist engineering group,with effect from 1 July 2023. This information is disclosed in accordance with LR 9.6.14 (2). Upcoming Dividend • Apr 20
Upcoming dividend of US$0.017 per share at 2.6% yield Eligible shareholders must have bought the stock before 27 April 2023. Payment date: 25 May 2023. Payout ratio is a comfortable 51% and this is well supported by cash flows. Trailing yield: 2.6%. Lower than top quartile of German dividend payers (4.7%). Higher than average of industry peers (0.8%). Recent Insider Transactions • Mar 12
CFO & Executive Director recently bought €56k worth of stock On the 9th of March, Jacqueline Callaway bought around 64k shares on-market at roughly €0.88 per share. This transaction amounted to 24% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. This was Jacqueline's only on-market trade for the last 12 months. Reported Earnings • Mar 03
Full year 2022 earnings released: EPS: US$0.048 (vs US$0.061 in FY 2021) Full year 2022 results: EPS: US$0.048 (down from US$0.061 in FY 2021). Revenue: US$1.58b (up 5.3% from FY 2021). Net income: US$72.9m (down 18% from FY 2021). Profit margin: 4.6% (down from 5.9% in FY 2021). Revenue is forecast to grow 5.5% p.a. on average during the next 3 years, compared to a 5.5% growth forecast for the Luxury industry in Germany. Over the last 3 years on average, earnings per share has increased by 15% per year but the company’s share price has only increased by 7% per year, which means it is significantly lagging earnings growth. Duyuru • Jan 26
Hardy Henry Textiles Ltée signed an agreement to acquire Business Operations of Coats Groupin Mauritius and Madagascar. Hardy Henry Textiles Ltée signed an agreement to acquire Business Operations of Coats Groupin Mauritius and Madagascar on January 25, 2023. The transaction is expected to complete on January 31, 2023. Duyuru • Jan 17
Coats Group plc to Report Fiscal Year 2022 Results on Mar 02, 2023 Coats Group plc announced that they will report fiscal year 2022 results on Mar 02, 2023 Duyuru • Nov 05
Coats Group plc, Annual General Meeting, May 17, 2023 Coats Group plc, Annual General Meeting, May 17, 2023. Duyuru • Nov 04
Coats Group plc Appoints Heather Lawrence Will Join the Board as A Non-Executive Director, Effective 7 November 2022 Coats Group plc announced that Heather Lawrence will join the Board as a Non-Executive Director, effective 7 November 2022. In addition, she will join the Audit and Risk Committee, as Chair Designate, and the Nomination Committee. Subject to shareholder approval of her nomination to the Board, Heather will succeed Nicholas Bull as Chair of the Audit and Risk Committee following the 2023 Annual General Meeting of the Company expected to be held on 17 May 2023. Heather originally qualified as a Chartered Accountant and subsequently spent well over a decade working in senior roles in corporate finance and investment banking, where she honed her experience across industrial and transportation businesses. In her most recent role, Heather was a Managing Director at Citigroup, where she ran the Aviation and Travel franchise in EMEA. She has served on several boards and was previously a Non-Executive Director of Flybe plc. Heather is currently a Non-Executive Director and Chair of the Audit Committee at Melrose Industries plc. Duyuru • Aug 25
Coats Group plc Announces Steve Murray as Non-Executive Director, Effective 1 September 2022 Coats Group plc announced that Steve Murray will join the Board as a Non-Executive Director, effective 1 September 2022. In addition, he will join the Audit and Risk Committee, the Nomination Committee and the Remuneration Committee. Steve has more than 30 years of experience in the apparel and footwear industry and was previously Global Brand President of The North Face. Prior to The North Face, he was a member of the group executive leadership team at VF Corporation, one of the world's largest apparel, footwear and accessories companies and the parent company of The North Face. He previously served as CEO of Airwair International (Dr. Martens, the iconic British footwear and clothing brand), and prior to that he served as Global Brand President of Urban Outfitters, and EMEA President at Deckers Brands. Duyuru • Aug 24
Coats Group plc (LSE:COA) completed the acquisition of Rhenoflex GmbH. Coats Group plc (LSE:COA) signed an agreement to acquire Rhenoflex GmbH for an enterprise value of €115 million on August 10, 2022. Under the terms of the transaction, Coats has agreed to pay an Enterprise Value of €115 million, which represents total cash consideration of approximately €110 million after deducting assumed retirement liabilities and other customary adjustments. The deal will be financed via the proceeds of an equity placing including an approximately €109 million share placing to institutional investors share offer to retail investors via the REX platform, of up to 10% of the Coats's issued share capital. The acquisition is expected to complete by the end of August. Richard Shaw and James Cliffe of Lazard & Co., Limited acted as financial advisor to Coats. B. Metzler GmbH acted as financial advisor to Rhenoflex GmbH. Jones Day acted as legal advisor to Rhenoflex GmbH. Ash Tiwari of Baker & Mckenzie LLP, London acted as legal advisor to Coats Group plc (LSE:COA). KPMG LLP (United Kingdom), Investment Banking Arm acted as financial advisor to Coats Group plc (LSE:COA). Jeff Twentyman, Sally Wokes, Caroline Phillips and Charles Osborne of Slaughter and May acted as legal advisor to Coats Group plc (LSE:COA).
Coats Group plc (LSE:COA) completed the acquisition of Rhenoflex GmbH on August 23, 2022. All the conditions related to deal are satisfied. Reported Earnings • Aug 03
First half 2022 earnings released: EPS: US$0.034 (vs US$0.03 in 1H 2021) First half 2022 results: EPS: US$0.034 (up from US$0.03 in 1H 2021). Revenue: US$801.5m (up 14% from 1H 2021). Net income: US$49.6m (up 13% from 1H 2021). Profit margin: 6.2% (down from 6.3% in 1H 2021). The decrease in margin was driven by higher expenses. Over the next year, revenue is forecast to grow 6.2%, compared to a 13% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has increased by 9% per year but the company’s share price has only increased by 3% per year, which means it is significantly lagging earnings growth. Duyuru • Jul 07
Coats Group plc (LSE:COA) signed a definitive agreement to acquire Texon International Group Ltd for $211 million. Coats Group plc (LSE:COA) signed a definitive agreement to acquire Texon International Group Ltd for $211 million on July 6, 2022. For the year ended December 31, 2021, Texon generated revenue of $132 million, EBITDA of $21 million and adjusted operating profit of $17 million. The acquisition is expected to complete in July. Lazard & Co., Limited acted as financial advisor to Coats Group plc. Duyuru • May 28
Reelpar SA completed the acquisition of Coats Group plc in Brazil and Argentina from Coats Group plc (LSE:COA). Reelpar SA agreed to acquire Business of Coats Group plc in Brazil and Argentina from Coats Group plc (LSE:COA) on May 10, 2022. Coats Group will fund $10 million to Reelpar S.A. to support restructuring of the business. The deal is expected to complete in May, following customary completion procedures. Lazard acted as financial advisor to Coats Group Plc.
Reelpar SA completed the acquisition of Coats Group plc in Brazil and Argentina from Coats Group plc (LSE:COA) on May 27, 2022. Duyuru • May 03
Coats Group plc Announces Board Changes, Effective 19 May 2022 Coats Group plc announces that it has received notice from Anne Fahy, Non-Executive Director ("NED") of the Company, of her intention not to stand for re-election at forthcoming Annual General Meeting (the "AGM"). Anne will attend the Board and Committee meetings to be held on 17th and 18th May 2022 in her capacity as NED and Chair of the Audit and Risk Committee. As the Company's Notice of AGM has already been issued, the Company confirms that the resolution to re-elect Anne Fahy as a NED of the Company (Resolution 6) is now withdrawn. The withdrawal of Resolution 6 does not otherwise affect the validity of the Notice of AGM, or any proxy votes already submitted on other proposed resolutions. The numbering of all other proposed resolutions at the AGM will remain unchanged.As a result of Anne's decision, Nicholas Bull, FCA, will be appointed as Chair of the Audit and Risk Committee with effect from 19th May 2022. Nicholas was appointed as a NED and Senior Independent Director of Coats in April 2015, and has been a member of the Audit and Risk Committee since then. Nicholas brings extensive financial experience through both his current appointment as Chair of Fidelity China Special Situations PLC, as well as from his previous roles with de Vere Group Limited, Société Générale, Morgan Grenfell and ABN Amro. Upcoming Dividend • Apr 21
Upcoming dividend of US$0.015 per share Eligible shareholders must have bought the stock before 28 April 2022. Payment date: 25 May 2022. Payout ratio is a comfortable 35% and this is well supported by cash flows. Trailing yield: 2.3%. Lower than top quartile of German dividend payers (3.9%). Higher than average of industry peers (1.4%). Reported Earnings • Mar 04
Full year 2021 earnings: EPS in line with analyst expectations despite revenue beat Full year 2021 results: EPS: US$0.061 (up from US$0.018 in FY 2020). Revenue: US$1.50b (up 29% from FY 2020). Net income: US$88.9m (up 237% from FY 2020). Profit margin: 5.9% (up from 2.3% in FY 2020). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 3.4%. Over the next year, revenue is forecast to grow 3.6%, compared to a 5.1% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has increased by 3% per year but the company’s share price has fallen by 10% per year, which means it is significantly lagging earnings. Buying Opportunity • Feb 18
Now 20% undervalued after recent price drop Over the last 90 days, the stock is down 6.3%. The fair value is estimated to be US$0.93, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 4.4% per annum over the last 3 years. Earnings per share has declined by 9.3% per annum over the last 3 years. Recent Insider Transactions • Dec 07
Independent Chairman of the Board recently bought €240k worth of stock On the 6th of December, David Gosnell bought around 310k shares on-market at roughly €0.78 per share. This was the largest purchase by an insider in the last 3 months. This was David's only on-market trade for the last 12 months. Reported Earnings • Aug 04
First half 2021 earnings released: EPS US$0.034 (vs US$0.006 loss in 1H 2020) The company reported a strong first half result with improved earnings, revenues and profit margins. First half 2021 results: Revenue: US$732.4m (up 37% from 1H 2020). Net income: US$49.2m (up US$57.8m from 1H 2020). Profit margin: 6.7% (up from net loss in 1H 2020). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 9% per year but the company’s share price has only fallen by 3% per year, which means it has not declined as severely as earnings. Executive Departure • May 27
Chairman of the Board Michael Clasper has left the company On the 19th of May, Michael Clasper's tenure as Chairman of the Board ended after 7.2 years in the role. As of March 2021, Michael personally held 1.69m shares (€1.2m worth at the time). A total of 3 executives have left over the last 12 months. Upcoming Dividend • Apr 22
Upcoming dividend of US$0.013 per share Eligible shareholders must have bought the stock before 29 April 2021. Payment date: 25 May 2021. Trailing yield: 1.7%. Lower than top quartile of German dividend payers (3.2%). Higher than average of industry peers (1.0%). Executive Departure • Apr 02
CFO & Executive Director has left the company On the 31st of March, Simon Boddie's tenure as CFO & Executive Director ended after 4.7 years in the role. As of December 2020, Simon personally held 300.00k shares (€223k worth at the time). A total of 2 executives have left over the last 12 months. Reported Earnings • Mar 05
Full year 2020 earnings released: EPS US$0.018 (vs US$0.067 in FY 2019) The company reported a poor full year result with weaker earnings, revenues and profit margins. Full year 2020 results: Revenue: US$1.16b (down 16% from FY 2019). Net income: US$26.4m (down 73% from FY 2019). Profit margin: 2.3% (down from 6.9% in FY 2019). The decrease in margin was driven by lower revenue. Analyst Estimate Surprise Post Earnings • Mar 05
Revenue misses expectations Revenue missed analyst estimates by 4.6%. Over the next year, revenue is forecast to grow 16%, compared to a 9.7% growth forecast for the Luxury industry in Germany. Duyuru • Mar 04
Coats Group plc Announces Remuneration and Audit Committee Changes Coats Group plc announced that Hongyan Echo Lu, Independent Non-Executive Director, will assume the role of Chair of the Remuneration Committee with effect from 1 May 2021. Echo has been a member of the Company's Remuneration Committee since joining the Coats Group plc Board as a Non-Executive Director on 1 December 2017. Echo will succeed David Gosnell as Chair of the Remuneration Committee. David will step down as Chair and as a member of the Remuneration Committee and as a member of the Audit and Risk Committee with effect from 1 May 2021. This is ahead of his appointment as Chair of the Board of Coats Group plc, which is due to take effect at the conclusion of the Company's Annual General Meeting scheduled for 19 May 2021. It is also announced that Nicholas Bull, Independent Non-Executive Director and Senior Independent Director, will join the Remuneration Committee on 1 May 2021. Duyuru • Feb 19
Coats Group plc to Report First Half, 2021 Results on Aug 03, 2021 Coats Group plc announced that they will report first half, 2021 results on Aug 03, 2021 Duyuru • Feb 12
Coats Group plc, Annual General Meeting, May 19, 2021 Coats Group plc, Annual General Meeting, May 19, 2021. Is New 90 Day High Low • Dec 11
New 90-day high: €0.79 The company is up 35% from its price of €0.58 on 11 September 2020. The German market is up 2.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Luxury industry, which is up 8.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €0.54 per share. Recent Insider Transactions • Nov 27
Independent Non-Executive Director recently bought €109k worth of stock On the 25th of November, David Gosnell bought around 140k shares on-market at roughly €0.78 per share. This was the largest purchase by an insider in the last 3 months. David has been a buyer over the last 12 months, purchasing a net total of €223k worth in shares. Duyuru • Nov 25
Coats Group plc Announces Board Changes Coats Group plc announced that Mike Clasper has advised the Board that he will retire as Chairman and from the Board of Coats, at the conclusion of the Annual General Meeting scheduled for 19 May 2021, after nearly eight years with the Company. Mike will be succeeded as Chairman by David Gosnell who is currently an Independent Non-Executive Director of Coats. David joined the Coats Board in 2015. He was formerly Chairman of Old Bushmills Distillery Company Ltd. and a Non-Executive Director of Brambles Ltd. David retired from Diageo plc in 2014 where he had most recently held the role of President of Global Supply and Procurement.
David succeeds Mike as Chairman of the Nomination Committee with immediate effect. David will step down as Chair of the Remuneration Committee with effect from a date that will be announced in due course. Is New 90 Day High Low • Nov 10
New 90-day high: €0.73 The company is up 3.0% from its price of €0.70 on 12 August 2020. The German market is flat over the last 90 days, indicating the company outperformed over that time. However, it underperformed the Luxury industry, which is up 14% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €0.48 per share. Is New 90 Day High Low • Sep 27
New 90-day low: €0.55 The company is down 9.0% from its price of €0.60 on 29 June 2020. The German market is up 3.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Luxury industry, which is up 17% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €0.57 per share.