Coats Group sees adj. FY op. profit up on views

Coats Group expects its adjusted FY operating profit to be ahead of its previous views.

Additionally, improvements to non-operating items will further benefit adjusted EPS, providing current foreign exchange rates persist until the end of the year.

"The challenging market conditions that impacted the Company's Q2 Industrial sales performance have improved during the third quarter as Coats entered its peak sales season," the company said in a statement.

"Inflationary pressures on input prices are being managed well and the Company continues to grow market share and deliver productivity and procurement improvements."

At 9:21am: (LON:COA) Coats Group Plc share price was +3.75p at 37.5p