coats group returns to organic growth outlook ahead of expectations

Coats Group returns to organic growth, outlook ahead of expectations

Sumary of Coats Group returns to organic growth, outlook ahead of expectations:

  • The UK-based industrial thread manufacturer on Wednesday reported a return to organic growth following a strong operational performance in three months to 30 April..
  • Organic group sales for the three-month period grew 26% year-on-year, versus just a 1% gain in 2019 (the most meaningful comparison period given 2020’s pandemic)…

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