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Pin to quick picksElementis Share News (ELM)

Share Price Information for Elementis (ELM)

London Stock Exchange
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Share Price: 150.20
Bid: 152.20
Ask: 152.60
Change: -2.60 (-1.70%)
Spread: 0.40 (0.263%)
Open: 152.60
High: 157.20
Low: 150.20
Prev. Close: 152.80
ELM Live PriceLast checked at -

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IN BRIEF: Elementis expects 2023 profit rise after strong quarter

Thu, 18th Jan 2024 10:41

Elementis PLC - London-based speciality chemicals firm - Says performance in the fourth quarter of 2023 is strong compared to a "weak" final quarter in 2022. As a result, expects adjusted operating profit for 2023 to be in the range of USD102 million to USD104 million. For 2022, Elementis reported adjusted operating profit of USD101 million. Net debt at December 31 is anticipated to be about USD201 million, down from USD367 million. Looking ahead, Elementis says it remains committed to delivering on its financial targets, which include an operating margin of above 19%, by 2026.

Current stock price: 124.20 pence, up 5.6%

12-month change: up 3.0%

By Sabrina Penty, Alliance News reporter

Comments and questions to newsroom@alliancenews.com

Copyright 2024 Alliance News Ltd. All Rights Reserved.

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