15 Nov 2022 07:00
ESSENTRA PLC
Capital Markets Event
Accelerating our potential as a pure-play components business
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Essentra PLC ("Essentra" or the "Company"), a leading global provider of essential components and solutions, is hosting a Capital Markets Event ("CME") for investors and analysts today.
The CME will be hosted by Scott Fawcett, Components MD and Group CEO designate, and Jack Clarke, CFO, together with a number of senior leaders from across the business, who will set out how Essentra's differentiated business model positions the Company for growth and market share gain.
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The event will launch Essentra's strategy as a pure-play components business with the Company sharing its vision to be the world's leading responsible hassle-free supplier of essential industrial components, with the ambition of doubling revenue and tripling adjusted operating profits.
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Medium-term financial targets:
路 Organic revenue >5% CAGR
路 Total revenue >10% CAGR
路 Adjusted operating margin c.18%
路 Net working capital to sales c.18%
路 Net debt to EBITDA
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Supported by:
路 A clear strategy to drive market share gains, supported by a leading market position in a highly fragmented market
路 Margin expansion from scale, operating efficiencies, and pricing initiatives
路 A highly cash generative business with continued focus on working capital management
路 A strong financial framework and balance sheet to pursue value enhancing bolt-on M&A
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Scott Fawcett, Components MD and Group CEO designate commented:
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"Essentra has embarked on a journey of major transformation and we are excited to share the significant opportunity we have to accelerate our growth as a leading global manufacturer and distributor of industrial components.
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We are well positioned to take market share and have a strong balance sheet to support investment and value enhancing bolt-on M&A. Sustainability and digitalisation will continue to be a source of competitive advantage as we look to expand our margins. I am confident our strategy will support the delivery of our medium-term financial targets and will drive significant long-term value for all of our stakeholders."
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The Company will not give an update on current trading today.
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The CME聽will start at 10:00am GMT and finish at approximately 12:30pm, at Peel Hunt LLP, 7th Floor, 100 Liverpool St,聽London聽EC2M 2AT. To attend in person please contact investorrelations@essentra.com
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Anyone wishing to attend the live webcast is encouraged to register at least 15 minutes before it commences on the company website: https://www.essentraplc.com/en/investors/company-information/webcasts-and-presentations聽
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The webcast recording and presentation will be made available on the Company's website later today.
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Enquiries
Essentra plc Claire Goodman, Group Investor Relations Manager Jack Clarke, Chief Financial Officer Tel: +44 (0)1908 359100 |
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