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UK manufacturer Coats Group expects operating income to reach $ 95 million in the first half of 2009.

Coats Group plc, a UK-based industrial yarn manufacturer, said in the six months to June 30, 2021 that the effects of the recent blockades in India in May and June had subsided. We reported strong operation results and demand recovery. The Group currently expects operating income in the first half to be approximately $ 95 million (2019: $ 102 million).

Coats will see sales in the first half of 2009 up 34% year-on-year to $ 732 million ($ 536 million) and up 1% year-on-year to $ 705 million for the full year 2021. Is expected to be slightly higher than the previous year. The group said in a statement.

Sales in the Apparel & Footwear (A & F) segment were flat compared to 2019, with strong end-market sentiment across the United States, Europe and Asia. According to the group, sports and athleisure continue to perform well, and the trend toward casual wear continues.

In addition, the Performance Materials division reported 4% growth in the first half of the year, with improvements in all segments, except for the protection of individuals who continue to be affected by the U.S. workforce availability issue. The British company added.

The company plans to announce its semi-annual financial results on August 3, 2021.

Fiber2Fashion News Desk (JL)

Coats Group plc, a UK-based industrial yarn manufacturer, said in the six months to June 30, 2021 that the effects of the recent blockades in India in May and June had subsided. We reported strong operation results and demand recovery. The Group currently expects operating income in the first half to be approximately $ 95 million (2019: $ 102 million).



UK manufacturer Coats Group expects operating income to reach $ 95 million in the first half of 2009.

Source link UK manufacturer Coats Group expects operating income to reach $ 95 million in the first half of 2009.

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