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 6th 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 expectations1, 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 1st 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
