×
428
Fashion Jobs
THE BANYAN HR CONSULTS
Head HR For Garments Manufacturing Company at Chengalpattu, Tamil Nadu
Permanent · Chennai
IUMENTAS LIFE SCIENCE
Veterinary Sales Manager For The State of Assam
Permanent · Guwahati
HINDCO RECRUITMENT CONSULTANTS
Production Manager| Leading Plastic Manufacturing Company| Umbergaon
Permanent · Navsari
HINDCO RECRUITMENT CONSULTANTS
Production Manager| Leading Polythread Manufacturing Company| Ranchi
Permanent · Ranchi
ENGGSERVICES2INDIA
Production Quality Manager - Immediate Requirement
Permanent · Bengaluru
DIASORIN HEALTHCARE INDIA PRIVATE LIMITED
Area Sales Manager
Permanent · Hyderabad
METROPOLIS HEALTHCARE
Territory Sales Manager @ Mumbai
Permanent · Mumbai
GTROPY SYSTEMS PRIVATE LIMITED
Direct Sales Manager - Faridabad
Permanent · Faridabad
METROPOLIS HEALTHCARE
Territory Sales Manager @Amravati/Nagpur/Aurangabad
Permanent · Nagpur
AAVAS FINANCIERS LIMITED
Area Sales Manager | Home Loan | Delhi
Permanent · Pune
RAJ RAJESHWARI SPICE FOODS LTD.
Area Sales Manager/Senior Sales Officer Required
Permanent · Bareilly
PARK RETAIL MARKETING PVT LTD
Job Opening For Area Sales Manager
Permanent · Pune
ALUDECOR LAMINATION PVT LTD
Area Sales Manager
Permanent · Rohtak
INFEXN LABORATORIES PRIVATE LIMITED
Area Sales Manager - Diagnostic / Healthcare
Permanent · Pune
ALUDECOR LAMINATION PVT LTD
Area Sales Manager
Permanent · Vijayawada
RELIABLE CLOTHING PVT. LTD
Opening For Business Head (Garment Export)
Permanent · Mumbai
ALUDECOR LAMINATION PVT LTD
Area Sales Manager
Permanent · Hyderabad
ALUDECOR LAMINATION PVT LTD
Area Sales Manager
Permanent · Kochi
RISHABH IMPEX
Area Sales Manager
Permanent · Northeast India
NATURES ESSENCE PRIVATE LIMITED
Area Sales Manager- Punjab(Ludhiana)
Permanent · Ludhiana
ALUDECOR LAMINATION PVT LTD
Area Sales Manager
Permanent · Noida
ALUDECOR LAMINATION PVT LTD
Area Sales Manager
Permanent · Coimbatore
Published
Nov 20, 2018
Share
Download
Download the article
Print
Click here to print
Text size
aA+ aA-

Coats remains confident despite currency setbacks

Published
Nov 20, 2018

Thread manufacturer Coats Group saw its revenues fall 2% in the four months to end of October as a result of currency depreciation in Turkey, China and India, but the company still hopes to deliver full-year results in line with expectations.


Coats Group plc


The UK-based company, which creates threads, yarns, zippers and trims for a variety of industries, said sales were affected by the recent weakening of certain emerging market currencies in which it operates, particularly the Indian Rupee, Chinese Yuan, and Turkish Lira.

On a constant exchange rate basis, group revenues increased by 3% during the period, from 1 July to 31 October.

The company’s strong first-half performance helped it offset the recent decline in revenue, and group sales for the year to October are still ahead of the same period last year, up 3%. On a constant exchange rate basis, revenue increased by 4% in the year to October.

Coats’ high technology performance material threads are enjoying strong growth, up 4% between July and October, and there is increasing momentum in its industrial division (up 1%).

But the company’s apparel and footwear division was hit by mixed demand from retailers, and despite growing 4% on a constant exchange rate basis, it fell by 1% on a reported basis. Crafts, which accounts for 11% of group sales, continued its fall due to lower sales in both North America and Latin America. Craft revenues fell by 31% between July and October, and have fallen by 17% in the year to date.

Copyright © 2021 FashionNetwork.com All rights reserved.