Coats Results Improve from H1
The industrial yarn and footwear component supplier’s reported revenue slipped 9% year-on-year in the period covering July through Oct. Organic, constant currency revenues including Texon and Rhenoflex were off 12%, a sequential improvement from H1’s 19% decline. There were signs of a gradual recovery in apparel, which was just 7% lower in the period. Due to destocking having started later in the year, footwear revenue was ... Log in to view full article.
