ELM Elementis Plc

 
TIDMELM 
 
25 April 2017 
 
AGM / Trading Statement 
 
A positive start to the year with trading strong across the businesses. 
 
Ahead of today's Annual General Meeting, Elementis plc (ELM.L, the "Company" or 
the "Group"), the Global Specialty Chemicals Company, today issues its trading 
update for the three months ended  31 March 2017. 
 
Trading for the Group in the first quarter (Q1) was underpinned by stronger 
demand across most of our markets compared to Q1 2016. In Specialty Products, 
our Coatings business sector started well and we saw notably strong growth in 
our Personal Care and Energy business sectors. In our Chromium segment there 
were some indications of improved demand outside North America. In Surfactants 
we are benefiting from short term favourable pricing conditions which are not 
expected to continue indefinitely. This represents a positive start to the year 
and we remain on track to grow operating profit across our three segments in 
2017. 
 
On 20 March 2017, we announced the sale of our non-core US colourants business 
and the closure of our Jersey City facility as part of our strategy to review 
our non-core and disadvantaged assets.  On 24 March 2017, we completed our 
acquisition of SummitReheis and have started the integration process. It is a 
high quality business and we are delighted to have it in our portfolio. 
 
Commenting on the Company's performance Paul Waterman, CEO, said: "We are off 
to a good start in 2017 as trading was strong across our businesses. Last 
November we committed to reignite growth at Elementis by focusing on four 
strategic priorities: pursuing the best growth opportunities, transforming our 
global supply chain, innovating for distinctiveness and high margins and 
creating a culture of high performance. We are excited to integrate 
SummitReheis into our Personal Care sector and look forward to completing this 
by the end of the year. Overall, while uncertainties exist we believe continued 
focus on implementing our strategy will underpin continued progress in 
2017." 
 
 
ENDS 
 
Enquiries: 
 
Elementis                                   + 44 (0) 207 067 2999 
 
Paul Waterman, Chief Executive Officer 
Ralph Hewins, Chief Financial Officer 
 
FTI Consulting                              + 44 (0) 203 727 1000 
 
Deborah Scott 
 
Matthew Cole 
 
 
 
END 
 

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April 25, 2017 02:00 ET (06:00 GMT)

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