Updates

Essentra - Shares break through £10

April 2015

Investing in shares may lose you all or some of your money. Past performance is no indication of future performance. Some of the shares recommended here may be small company shares, which can be relatively illiquid and hard to trade and this makes such shares more risky than other investments.

The shares enjoyed a terrific run to a high of 1043p after Essentra unveiled results slightly ahead of forecast while its “Vision 2015” growth plan has hit its targets a year ahead of schedule. For the year ended December revenues, pretax profit and eps grew 14%, 19% and 19% (at constant exchange rates) to £866m, £133.4m and 41.9p respectively.Essentra, which makes millions of small but essential components made from plastic, fibre and foam, has four divisions. Components & protection, which supplies plastic and metal components like plugs, fasteners and cable ties, increased profits 18% to £58.9m thanks to a more positive market, new business wins and the roll out of new distribution centres.Packaging & securing solu ...

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