Essentra raised its full-year revenue growth guidance to 6% to 7% and introduced a new 2028 adjusted operating margin target of 14%, while retaining a longer-term ambition of 18%. First-half revenue rose 9% to £166 million, with like-for-like growth of 7.8% and adjusted operating profit up 9.7% to £18.1 million. The components manufacturer reported broad-based growth across Europe, the Americas and Asia-Pacific, and said its targeted growth sectors increased revenue by 8.5% to represent 47% of sales. Adjusted operating margin edged up to 10.9%, and the interim dividend was increased slightly to 0.9 pence per share. The company also announced the acquisition of Boteco for €7.4 million and said its Growth and Simplification program is expected to deliver 150 basis points of margin expansion through cost reductions.
Essentra PLCRaised full-year revenue guidance, set 2028 margin target, reported strong first-half results, and announced a small acquisition.
Essent Group Ltd