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United Kingdom

Elementis PLC (ELM.L)

ELM.L on London Stock Exchange

164.30GBp
22 Mar 2019
Change (% chg)

-5.30 (-3.12%)
Prev Close
169.60
Open
169.60
Day's High
169.90
Day's Low
164.20
Volume
1,571,281
Avg. Vol
1,173,714
52-wk High
280.77
52-wk Low
149.70

Latest Key Developments (Source: Significant Developments)

Elementis FY Rev From Cont Ops Rises, Statutory Oper. Profit Falls
Tuesday, 5 Mar 2019 

March 5 (Reuters) - Elementis PLC ::FY REVENUE FROM CONTINUING OPERATIONS UP 5% FROM $783M TO $822M.FY ADJUSTED OPERATING PROFIT INCREASED 8% TO $133M.FY STATUTORY OPERATING PROFIT DOWN 7% TO $85M.COMPLETED ACQUISITION OF MONDO; PERFORMANCE STRONG AND IN LINE WITH EXPECTATIONS."IN 2019 EXPECT GOOD PROGRESS LED BY SELF-HELP INITIATIVES".ELEMENTIS IS WELL PREPARED TO REACT TO POTENTIAL OUTCOME OF A 'NO DEAL' BREXIT.STEPS HAVE BEEN TAKEN TO PRO-ACTIVELY MANAGE SUPPLY CHAIN TO MITIGATE ANY POTENTIAL IMPACT FROM BREXIT.FY ORDINARY DIVIDEND UP 4% TO 8.4C PER SHARE.STEPS TAKEN TO MITIGATE AGAINST POTENTIAL BREXIT IMPACT LIKE SUFFICIENT RAW MATERIALS AT PRODUCTION SITE IN LIVINGSTON, AMONG OTHER STEPS."IN 2019 WE WILL ROLL OUT NEW PRODUCTS TARGETED AT SKIN CARE".  Full Article

Elementis Buys Manufacturing Site In India
Thursday, 20 Dec 2018 

Dec 20 (Reuters) - Elementis PLC ::ACQUISITION OF ADVANTAGED MANUFACTURING SITE IN INDIA.SITE WILL BE ACQUIRED FOR APPROXIMATELY $4M AND OVER NEXT TWO YEARS WE EXPECT TO INVEST A FURTHER $15M IN FACILITY.ACQUISITION AND SUBSEQUENT INVESTMENT WILL BE FUNDED WITHIN EXISTING CAPITAL EXPENDITURE PLANS.THROUGH ELEMENTIS SPECIALTIES (INDIA) PRIVATE LIMITED, ENTERED INTO AN AGREEMENT TO ACQUIRE A PRODUCTION FACILITY IN MUMBAI, INDIA.  Full Article

Elementis Completes Mondo Minerals Acquisition
Tuesday, 23 Oct 2018 

Oct 23 (Reuters) - Elementis PLC ::COMPLETION OF MONDO MINERALS ACQUISITION.  Full Article

Elementis Sells Jersey City Site For $17 Mln
Wednesday, 22 Aug 2018 

Aug 22 (Reuters) - Elementis PLC ::ELEMENTIS PLC: DISPOSAL OF JERSEY CITY SITE.REACHED AN AGREEMENT TO SELL JERSEY CITY SITE IN NEW JERSEY TO 400 CLAREMONT URBAN RENEWAL LLC FOR A SUM OF $17M.PROCEEDS RESULTING FROM SALE WILL BE USED FOR GENERAL CORPORATE PURPOSES AND TOWARDS DEBT REDUCTION.  Full Article

Elementis H1 Cont. Ops. Revenue Rose 10 Pct To $421 Mln
Tuesday, 31 Jul 2018 

July 31 (Reuters) - Elementis PLC ::H1 REVENUE FROM CONTINUING OPERATIONS ROSE 10 PERCENT TO 421 MILLION USD.2018 OUTLOOK UNCHANGED.HY INTERIM DIVIDEND OF 2.95C PER SHARE DECLARED, UP 9% ON PRIOR YEAR..HY PROFIT BEFORE TAX $46.8M VERSUS $44.9M AS REPORTED YEAR AGO.HY STATUTORY OPERATING PROFIT INCREASED BY 10% TO $56M.  Full Article

Elementis Says Co Exploring Its Options On Mondo Minerals Transaction
Tuesday, 31 Jul 2018 

July 31 (Reuters) - Elementis PLC ::UPDATE REGARDING PROPOSED ACQUISITION OF MONDO MINERALS.NUMBER OF ELEMENTIS' MAJOR SHAREHOLDERS HAVE EXPRESSED CONCERNS ABOUT MONDO MINERALS TRANSACTION.BOARD IS EXPLORING ITS OPTIONS IN RELATION TO MONDO MINERALS TRANSACTION.  Full Article

Elementis to buy Mondo for enterprise value of $600 mln
Friday, 29 Jun 2018 

June 29 (Reuters) - Elementis Plc ::PROPOSED $600 MLN ACQUISITION & $280M RIGHTS ISSUE.REACHED AN AGREEMENT IN PRINCIPLE IN RELATION TO PROPOSED ACQUISITION OF MONDO MINERALS B.V..OFFER PRICE VALUES MONDO AT AN ENTERPRISE VALUE OF $600 MILLION ON A CASH FREE, DEBT FREE BASISDEAL TO BE IMMEDIATELY ACCRETIVE TO ELEMENTIS' EBITDA MARGINS.BOARD EXPECTS TO BE ABLE TO MAINTAIN ELEMENTIS' EXISTING DIVIDEND POLICY FOLLOWING COMPLETION OF ACQUISITION.DEAL TO BE ACCRETIVE TO ADJUSTED EARNINGS PER SHARE IN FIRST FULL YEAR OF OWNERSHIP.ACQUISITION IS EXPECTED TO EXCEED ELEMENTIS' WEIGHTED AVERAGE COST OF CAPITAL IN FOURTH FULL YEAR OF OWNERSHIP.DEAL, EXISTING DEBT OF GROUP AND MONDO AND FUNDING OF ENLARGED GROUP GOING FORWARDS, ARE ALL EXPECTED TO BE FINANCED BY A RIGHTS ISSUE.CONFIDENT OF DELIVERING CONTINUED PROGRESS IN 2018, IN LINE WITH CO'S PREVIOUS EXPECTATIONS.ACQUISITION, EXISTING DEBT OF GROUP AND MONDO, OTHERS EXPECTED ALSO TO BE FINANCED BY NEW COMMITTED DEBT FACILITIES OF $775 MILLION.MONDO IS CURRENTLY OWNED BY ADVENT INTERNATIONAL.  Full Article

Elementis Says To Sell Surfactants Business For 39 Mln Euros
Tuesday, 12 Dec 2017 

Dec 12 (Reuters) - Elementis Plc ::ELEMENTIS PLC - ‍ELEMENTIS ANNOUNCES SALE OF SURFACTANTS BUSINESS​.ELEMENTIS PLC - ‍ENTERED AGREEMENT TO SELL SURFACTANTS BUSINESS LOCATED IN NETHERLANDS TO KOLB DISTRIBUTION FOR A CASH CONSIDERATION OF EUR 39 MILLION​.ELEMENTIS PLC - ‍PROCEEDS RESULTING FROM SALE WILL BE USED FOR GENERAL CORPORATE PURPOSES AND TOWARDS DEBT REDUCTION​.  Full Article

Elementis sees improved full year outcome versus 2016 for Chromium unit​
Friday, 27 Oct 2017 

Oct 27 (Reuters) - ELEMENTIS PLC ::FOR QUARTER ENDED SEPT. 30, ‍SPECIALTY PRODUCTS PERFORMED WELL AND IN LINE WITH EXPECTATIONS​.‍CONTINUE TO EXPECT AN IMPROVED FULL YEAR OUTCOME VERSUS 2016 FOR CHROMIUM​."‍GOING FORWARD, WE CONTINUE TO SEE SIGNIFICANT POTENTIAL FOR ELEMENTIS AS WE IMPLEMENT OUR REIGNITE GROWTH STRATEGY​" - CEO.‍EXPECT AN IMPROVED FULL YEAR OUTCOME VERSUS 2016 FOR CHROMIUM UNIT​.  Full Article

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