×
146
Fashion Jobs
SAROJ JALAN
Marketing Strategist
Permanent · KOLKATA
ADD UR CO LLP
Production Manager
Permanent · Chennai
THE GLOBAL ZONE HR SERVICES
Production Manager/ Supervisor/ Incharge
Permanent · Pune
PUMA
Manager - Digital Marketing
Permanent · Bengaluru
THE BANYAN HR CONSULTS
Brand Manager For Leading Women's Wear Garments CO at Coimbatore
Permanent · Coimbatore
LEVI'S
Manager, Retail Merchandising (Ebo)
Permanent · Bengaluru
GLAN MANAGEMENT CONSULTANCY
Senior Buyer Lingerie (Knits Western Wear) - Retail Brand
Permanent · GURUGRAM
JOB INDIA
Asst. Manager E-Com Operations (Garments Retail) Gurgaon
Permanent · Faridabad
VASTRAKALA EXPORTS
Quality Manager
Permanent · CHENNAI
PEOPLE ALLIANCE WORKFORCE PRIVATE LIMITED
Manager / in Charge - Production/Quality/Cutting - Garments Industry
Permanent · Bhiwandi
MINT AND MILK COMMUNICATIONS
Senior Account Executive
Permanent · MUMBAI
PUMA
Manager- Buying (Apparel)
Permanent · Bengaluru
PUMA
Manager- Business Intelligence
Permanent · Bengaluru
PUMA
Manager- Trade Compliance
Permanent · Bengaluru
PUMA
Manager- Supply Planning
Permanent · Bengaluru
PUMA
Senior Manager - Performance Marketing- Marketplac…
Permanent · Bengaluru
PUMA
Regional Sales Manager- Mbo (South)
Permanent · Bengaluru
PUMA
Manager- Returns And Spf Operations
Permanent · Bengaluru
PUMA
Manager Merchandising
Permanent · Bengaluru
PUMA
Project Manager- Operations
Permanent · Bengaluru
PUMA
Manager- Logistics Operations
Permanent · Bengaluru
PUMA
Warehouse Manager-D2C
Permanent · Bengaluru
Published
May 19, 2021
Reading time
2 minutes
Share
Download
Download the article
Print
Click here to print
Text size
aA+ aA-

Coats Group returns to organic growth, outlook ahead of expectations

Published
May 19, 2021

Coats Group is back on its game. 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.


Coats Group


More good news is that its pricing and productivity actions are being successfully implemented to offset inflationary pressures and that performance for the year is expected to be "slightly ahead of our previous expectations".

Given the “exceptional circumstances of 2020” the latest set of figures is certainly much improved. 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).

In Apparel and Footwear “improving momentum and recovery” delivered a 30% jump in organic sales versus a flat 2019 period. It cited “robust volume growth resulted in increased factory activity". 

Meanwhile, against 2019, the core thread business — which represents around 85% of Apparel and Footwear — grew “solidly”, up 2%. It noted key markets “performed well vs 2019, albeit zips are recovering at a slower pace”.

Performance Materials organic sales also rose 14% versus 2020 and by 4% versus 2019, "with all segments performing well and growing against 2019 and 2020”.

Chief executive Rajiv Sharma said: "We are pleased to have seen recovery and positive momentum during the period, which resulted in a strong operational performance and a return to growth vs 2019”. 

“Whilst we remain vigilant around the ongoing Covid pandemic, given the improving end market sentiment, we anticipate that the recovery in our trading will continue and that our anticipated performance for the year will be slightly ahead of our previous expectations”.
 

Copyright © 2022 FashionNetwork.com All rights reserved.