Elementis shares up as expects to beat consensus for operating profit

(Alliance News) - Elementis PLC on Tuesday celebrated double-digit profit growth across Coatings and Personal Care in the fourth quarter, boosting its outlook.

The London-based speciality chemicals and personal care business expects to report adjusted operating profit of between USD126 million and USD128 million for 2024, up at least 21% from USD104 million in 2023, and beating the company-compiled consensus, which has a range of USD121 million to USD125 million.

This was boosted by on-year revenue growth and double-digit profit growth in the fourth quarter across Coatings and Personal Care, the firm said.

Further, the adjusted operating margin was above 17% for 2024, up healthily from 14.6% in 2023. This "demonstrates good progress on the efficiency and growth programmes", Elementis said.

Elementis will release its 2024 results on March 6.

Elementis shares rose 6.3% to 156.00 pence each on Tuesday morning in London.

By Tom Budszus, Alliance News slot editor

Comments and questions to newsroom@alliancenews.com

Copyright 2025 Alliance News Ltd. All Rights Reserved.

Elementis