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Essentra PLC (ESNT.L)

ESNT.L on London Stock Exchange

246.60GBp
30 Oct 2020
Change (% chg)

12.60 (+5.38%)
Prev Close
234.00
Open
233.00
Day's High
250.00
Day's Low
233.00
Volume
203,899
Avg. Vol
322,308
52-wk High
459.13
52-wk Low
206.80

Latest Key Developments (Source: Significant Developments)

Essentra Says A Total Of 37.2 Mln Shares Have Been Conditionally Placed
Friday, 18 Sep 2020 

Sept 18 (Reuters) - Essentra PLC ::A TOTAL OF 37.2 MLN PLACING SHARES HAVE BEEN CONDITIONALLY PLACED BY JEFFERIES INTERNATIONAL LIMITED AND PEEL HUNT LLP.ISSUE PRICE OF 260 PENCE PER SHARE.  Full Article

Essentra Announces Carbon Neutral By 2040 For Certain Ops
Friday, 28 Aug 2020 

Aug 28 (Reuters) - Essentra PLC ::ANNOUNCEMENT OF NEW ENVIRONMENTAL KPIS AND TARGETS.INTERIM TARGET OF 25% REDUCTION IN NORMALISED SCOPE 1 AND 2 EMISSIONS BY 2025, VERSUS 2019 BASELINE.ALL SITES AT ZERO WASTE TO LANDFILL BY LATEST 2030.20% REDUCTION IN OVERALL WASTE VOLUMES BY 2030, VERSUS 2019 BASELINE.20% OF PACKAGING AND RAW MATERIALS FROM SUSTAINABLE SOURCES BY 2025.CARBON NEUTRAL BY 2040, FOR MANUFACTURING AND DISTRIBUTION OPERATIONS.  Full Article

Essentra Plc HY Adjusted Operating Profit Down 26.4% To 23.9 Mln Stg
Friday, 28 Aug 2020 

Aug 28 (Reuters) - Essentra PLC ::ESSENTRA PLC - RESULTS FOR THE HALF YEAR ENDED 30 JUNE 2020.ESSENTRA PLC - HY REVENUE DECLINE OF 11.7%, TO £448.4M (AT CONSTANT FX).ESSENTRA PLC - HY 2020 INTERIM DIVIDEND IS CANCELLED.ESSENTRA PLC - HY ADJUSTED OPERATING PROFIT DECREASED BY 26.4% TO £23.9M, EQUATING TO A MARGIN OF 18.4% (HY 2019: 22.5%).  Full Article

Essentra Sees Rev Progress On A Stable Operating Base In Q3
Friday, 3 Jul 2020 

July 3 (Reuters) - Essentra PLC ::ESSENTRA PLC - LIKE-FOR-LIKE REVENUE TREND IMPROVED AS Q2 PROGRESSED.ESSENTRA PLC - ALL 71 MANUFACTURING AND DISTRIBUTION FACILITIES ARE OPERATIONAL AND BROADLY BACK TO PRE-PANDEMIC LEVELS OF SERVICE.ESSENTRA PLC - CONTINUED REVENUE PROGRESS ON A STABLE OPERATING BASE EXPECTED IN Q3.ESSENTRA PLC - LIKE-FOR-LIKE REVENUE -17% IN APRIL, -10% IN MAY AND -1% ANTICIPATED IN JUNE.  Full Article

Essentra Says Group Not Materially Impacted By Covid-19 In Q1 But Disruption Felt In April
Thursday, 21 May 2020 

May 21 (Reuters) - Essentra PLC ::FURTHER COVID-19 UPDATE.GROUPWIDE PERFORMANCE NOT MATERIALLY IMPACTED BY COVID-19 IN Q1, BUT DISRUPTION TO TRADING FELT IN APRIL.MOST SIGNIFICANT VIRUS IMPACT IN COMPONENTS, WITH UNDERLYING DEMAND IN PACKAGING AND FILTERS ROBUST.ALL 71 MANUFACTURING AND DISTRIBUTION FACILITIES ARE NOW OPERATIONAL.OUTCOME FOR APRIL WAS IN LINE WITH WHERE COMPANY EXPECTED IT TO BE AT START OF MONTH.Q1 GROUP LIKE-FOR-LIKE (LFL) REVENUE DECLINED 7%.Q1 TOTAL COMPONENTS LFL REVENUE WAS 5% DOWN ON PRIOR YEAR PERIOD.GROUP LIKE-FOR-LIKE (LFL) REVENUE DECLINED 17% IN APRIL.ANTICIPATES INEVITABLE CONTINUED DISRUPTION TO ITS TRADING IN COMING MONTHS.STILL TOO EARLY TO CALL OUT FULL EXTENT OF RESULTING IMPACT ON FULL YEAR FINANCIAL PERFORMANCE - HENCE ANY GUIDANCE REMAINS ABSENT.ALSO RECOGNISES THAT THERE IS A RISK OF A SECOND WAVE TO PANDEMIC, WHICH COULD ADVERSELY IMPACT TRADING BEYOND Q2.  Full Article

Essentra PLC CEO Waives Salary Hike
Tuesday, 14 Apr 2020 

April 14 (Reuters) - Essentra PLC ::ESSENTRA PLC - PAUL FORMAN, CHIEF EXECUTIVE OFFICER, HAS WAIVED AN INCREASE IN HIS BASE SALARY AT 1 APRIL 2020.ESSENTRA PLC - CEO'S SALARY WILL BE REDUCED BY 20% FROM 1 APRIL 2020 UNTIL FURTHER NOTICE.ESSENTRA PLC - LILY LIU, GROUP FINANCE DIRECTOR, WILL HAVE A REDUCTION IN HER SALARY INCREASE FROM 9.9% TO 7.5% AT 1 APRIL 2020.ESSENTRA PLC - FINANCE DIRECTOR WAIVED ANNUAL INCREASE IN HER BASE SALARY AT APRIL 1; SALARY TO BE REDUCED BY 20% FROM 1 APRIL UNTIL FURTHER NOTICE.ESSENTRA PLC - GENERAL MANAGEMENT COMMITTEE HAVE ALSO TAKEN A REDUCTION IN SALARY BY 20% FROM 1 APRIL.  Full Article

Essentra PLC To Cancel FY Dividend
Friday, 27 Mar 2020 

March 27 (Reuters) - Essentra PLC ::COVID-19 UPDATE.GROUPWIDE PERFORMANCE NOT MATERIALLY IMPACTED IN FIRST TWO MONTHS BY COVID-19.DISRUPTION TO TRADING ANTICIPATED IN COMING MONTHS.UNDERLYING DEMAND IN PACKAGING AND FILTERS CURRENTLY REMAINS ROBUST,.COMPONENTS SAW SOME WEAKENING IN WEEK COMMENCING 16TH MARCH WITH AN ACCELERATED TREND EXPECTED.LIQUIDITY POSITION AND CAPITAL STRUCTURE WELL PLACED TO ABSORB AN EXTENDED PERIOD OF UNCERTAINTY.DECIDED TO CANCEL 2019 FINAL DIVIDEND..SOME LIMITED IMPACT ON TRADING FROM COVID-19 IN FIRST TWO MONTHS OF YEAR.IN VERY RECENT WEEKS, DEMAND IN CHINA HAS RETURNED BACK TO MORE NORMALISED LEVELS..IN PACKAGING & FILTERS DIVISIONS, FEEDBACK SUGGESTS THERE IS NOT A SIGNIFICANT RISK TO UNDERLYING MEDIUM TO LONGER TERM DEMAND.COMPANY HAS NO BANK OR REFINANCING EVENTS UNTIL OCTOBER 2021.ANTICIPATES INEVITABLE DISRUPTION TO ITS TRADING IN COMING MONTHS.IT IS TOO EARLY TO CALL OUT FULL EXTENT OF RESULTING IMPACT ON FULL YEAR FINANCIAL PERFORMANCE.  Full Article

Essentra FY LFL Revenue Decline Of 0.7%
Friday, 28 Feb 2020 

Feb 28 (Reuters) - Essentra PLC ::ESSENTRA PLC FY LIKE-FOR-LIKE REVENUE DECLINE OF 0.7%.ESSENTRA PLC FY ADJUSTED OPERATING PROFIT DOWN 5.4% (AT CONSTANT FX) TO £87.5M.ESSENTRA PLC FY REPORTED OPERATING PROFIT OF £80.0M VERSUS £47.2M IN 2018.ESSENTRA PLC - FULL YEAR DIVIDEND MAINTAINED AT 20.7P PER SHARE.ESSENTRA FY REVENUE £974M VERSUS £1,026M.ESSENTRA PLC - EXPECT TO MAKE FURTHER STRATEGIC, FINANCIAL AND OPERATIONAL PROGRESS IN 2020.  Full Article

Essentra Confirms Approval For Establishment Of New JV In China
Friday, 6 Dec 2019 

Dec 6 (Reuters) - Essentra PLC ::ESSENTRA PLC - JOINT VENTURE.ESSENTRA PLC - CONFIRM FORMAL APPROVAL FOR ESTABLISHMENT OF ITS NEW JOINT VENTURE COMPANY IN CHINA, CHINA TOBACCO ESSENTRA (XIAMEN) FILTERS CO..  Full Article

Essentra Plc Says Signed Agreement To Set Up New JV Company In China
Wednesday, 27 Nov 2019 

Nov 27 (Reuters) - Essentra PLC ::ESSENTRA PLC - JOINT VENTURE.ESSENTRA PLC - SIGNED AN AGREEMENT FOR ESTABLISHMENT OF A NEW JOINT VENTURE (JV) COMPANY IN CHINA, CHINA TOBACCO ESSENTRA.ESSENTRA PLC - ESSENTRA PTE LTD WILL OWN A 49% SHAREHOLDING) IN JV.ESSENTRA - JV SHAREHOLDERS INCLUDING CHINA TOBACCO FUJIAN INDUSTRIAL, SHANGHAI HAIYAN INVESTMENT, CHINA TOBACCO HUNAN, CHINA TOBACCO GUANGXI TIANCHENG.ESSENTRA PLC - ASSOCIATED EQUITY INVESTMENT FOR JV OPPORTUNITY IN AGGREGATE IS C.£16M.ESSENTRA PLC - JV SHALL PRODUCE SPECIALIST AND NEXT GENERATION FILTERS.ESSENTRA PLC - EXPECT JV TO SHIP FIRST PRODUCTION VOLUMES TO LOCAL CUSTOMERS IN NOVEMBER 2020.  Full Article

BRIEF-Essentra Sees Rev Progress On A Stable Operating Base In Q3

* ESSENTRA PLC - LIKE-FOR-LIKE REVENUE TREND IMPROVED AS Q2 PROGRESSED