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Elementis plc

ELM.L

Latest Trade

62.95GBp

Change

11.45(+22.23%)

Volume

8,077,227

Today's Range

51.50

 - 

63.25

52 Week Range

18.07

 - 

185.70

As of on the London Stock Exchange (LON) ∙ Minimum 15 minute delay

Latest Developments

Elementis Says 2019 Final Dividend Of 4.4487P Per Share Will No Longer Be Proposed At AGM

March 19 (Reuters) - Elementis PLC <ELM.L>::REG-ELEMENTIS PLC: COVID-19 UPDATE.ELEMENTIS PLC - UP TO 18 MARCH 2020, GROUP HAS EXPERIENCED A SOLID START TO YEAR WITH LIMITED IMPACT ON PRODUCTION AND DEMAND FROM COVID-19.ELEMENTIS PLC - TRADING AND PERFORMANCE HAS BEEN IN LINE WITH OUR EXPECTATIONS, BENEFITTING FROM EFFICIENCY ACTIONS IMPLEMENTED IN 2019.ELEMENTIS PLC - IMPACT OF COVID-19 HOWEVER PRESENTS SIGNIFICANT DEMAND AND OPERATING UNCERTAINTY.ELEMENTIS PLC - GROUP IS ALSO TAKING STEPS TO MITIGATE ANY POTENTIAL MATERIAL ADVERSE FINANCIAL IMPACT FROM VIRUS.ELEMENTIS PLC - GROUP HAS VERY AMPLE LIQUIDITY, WITH IN TOTAL OVER $300M IMMEDIATELY AVAILABLE.ELEMENTIS PLC - TOTAL NET DEBT FOR GROUP, EXCLUDING LEASE LIABILITIES UNDER IFRS 16, WAS $454M AT 31 DECEMBER 2019.ELEMENTIS PLC - ELEMENTIS HAS SECURED A RELAXATION OF ITS BANKING COVENANTS FROM 3.25X TO 3.75X NET DEBT/EBITDA.ELEMENTIS PLC - BOARD HAS DECIDED THAT GIVEN UNCERTAINTIES AT THIS TIME IT IS PRUDENT TO PRESERVE CASH.ELEMENTIS PLC - 2019 FINAL DIVIDEND OF 4.4487 PENCE PER SHARE WILL NO LONGER BE PROPOSED AT AGM SCHEDULED FOR 29 APRIL 2020.ELEMENTIS PLC - CASH IMPACT OF THIS DECISION TO SUSPEND DIVIDEND IS $33M IN H1 2020.ELEMENTIS PLC - FUTURE DIVIDEND DECISIONS WILL BE MADE AS AND WHEN CONDITIONS NORMALISE.

Elementis Plc FY Adjusted Profit Before Tax $94 Mln Versus $113 Mln

March 4 (Reuters) - Elementis PLC <ELM.L>::FY REVENUE FROM CONTINUING OPERATIONS ROSE 6 PERCENT TO 874 MILLION USD.FY REVENUE FROM CONTINUING OPERATIONS UP 6% FROM $822M TO $874M.FY ADJUSTED OPERATING PROFIT DOWN 7% TO $123M.MARKET CONDITIONS REMAIN CHALLENGING BUT SOLID START TO YEAR.FY ORDINARY DIVIDEND PER SHARE 8.55C.ELEMENTIS - REGARDING CORONAVIRUS, INTERNAL TEAM HAS BEEN ESTABLISHED TO ENSURE BUSINESS IS ABLE TO RESPOND AS AND WHEN NEW INFORMATION IS AVAILABLE.FY ADJUSTED PROFIT BEFORE TAX $94M VERSUS $113M.

Johnson Matthey Says John O'Higgins Appointed As Director Of Elementis

Feb 4 (Reuters) - Johnson Matthey PLC <JMAT.L>::JOHNSON MATTHEY PLC - JOHN O'HIGGINS - NEW DIRECTORSHIP.JOHNSON MATTHEY PLC - JOHN O'HIGGINS, A NON-EXECUTIVE DIRECTOR OF COMPANY, HAS BEEN APPOINTED AS A NON-EXECUTIVE DIRECTOR OF ELEMENTIS.

Elementis Says Appoints John O'higgins As A Non-Executive Director

Feb 4 (Reuters) - Elementis PLC <ELM.L>::ELEMENTIS PLC - DIRECTORATE CHANGE.APPOINTMENT OF JOHN O'HIGGINS AS A NON-EXECUTIVE DIRECTOR WITH IMMEDIATE EFFECT..

Elementis Plc Says 2019 Adj Operating Profit Anticipated To Be $122 Mln-$124 Mln

Jan 14 (Reuters) - Elementis PLC <ELM.L>::ELEMENTIS PLC - TRADING IN FINAL QUARTER OF YEAR HAS BEEN SOMEWHAT SUBDUED.ELEMENTIS PLC - ADJUSTED OPERATING PROFIT FOR 2019 IS ANTICIPATED TO BE $122-124M.ELEMENTIS - ENERGY PERFORMANCE WAS WEAKER THAN EXPECTED DUE TO A FURTHER SLOWDOWN IN NORTH AMERICAN DRILLING ACTIVITY.ELEMENTIS - IN CHROMIUM, A WEAK DEMAND ENVIRONMENT AND LOWER MARKET PRICES RESULTED IN WEAKER THAN EXPECTED PERFORMANCE.

Elementis Says Aim To Deliver Further $15m Of Savings By 2022

Nov 19 (Reuters) - Elementis PLC <ELM.L>::SEES MEDIUM TERM GROUP ADJUSTED OPERATING PROFIT MARGIN OF 17%.SEES MEDIUM TERM GROUP OPERATING CASH CONVERSION OF AT LEAST 90% PER ANNUM.SEES $15M OF FIXED COST SAVINGS BY 2022.IN ADDITION TO $10M COST SAVINGS BEING DELIVERED IN 2019, WE AIM TO DELIVER A FURTHER $15M OF SAVINGS BY 2022.SEES CAPEX ABOUT $50M/ANNUM.

Elementis Says Performance In H2 Is Anticipated To Be Broadly In Line With H1 2019

Oct 31 (Reuters) - Elementis PLC <ELM.L>::Q3 TRADING UPDATE.DELIVERING FURTHER PERFORMANCE IN 2019, BROADLY IN LINE WITH EXPECTATIONS.WHILST SLOWDOWN IN BROADER MACROECONOMIC CONDITIONS CONTINUES,SELF-HELP ACTIONS ANTICIPATED TO RESULT IN IMPROVED SECOND HALF PERFORMANCE.TALC INTEGRATION IS NOW COMPLETE WITH FUNCTIONAL TEAMS EMBEDDED AND DELIVERY OF SYNERGIES ON TRACK.PERSONAL CARE HAD A STEADY Q3 AND CONTINUE TO MAKE PROGRESS ON NEW PRODUCT LAUNCHES TARGETING SKIN CARE MARKET.IN COATINGS, DEMAND CONDITIONS WERE IN LINE WITH EXPECTATIONS WITH MARGINS RESILIENT.IN TALC PERFORMANCE WAS IN LINE WITH EXPECTATIONS WITH A MUCH IMPROVED SECOND HALF PERFORMANCE CONTINUES TO BE EXPECTED.GROUP'S STRONG FREE CASH GENERATION CONTINUED IN Q3.PERFORMANCE IN SECOND HALF IS ANTICIPATED TO BE BROADLY IN LINE WITH FIRST SIX MONTHS OF 2019..

Elementis HY Adj. Operating Profit Down 5% To $64 Mln

July 30 (Reuters) - Elementis PLC <ELM.L>::H1 REVENUE FROM CONTINUING OPERATIONS 449.7 MILLION USD VERSUS 421.4 MILLION USD YEAR AGO.HY ADJUSTED OPERATING PROFIT DOWN 5% (DOWN 21% ON AN ORGANIC BASIS*) TO $64M.Q2 19 ADJUSTED OPERATING PROFIT SIGNIFICANTLY UP ON Q1 19 TO $40M.INTERIM DIVIDEND OF 2.80C PER SHARE DECLARED.CONTINUE TO EXPECT STRATEGIC AND FINANCIAL PROGRESS IN 2019, BROADLY IN LINE WITH EXPECTATIONS, WITH A CONTINUING FOCUS ON CASH GENERATION.HY ADJUSTED PROFIT BEFORE TAX $49 MILLION VERSUS $58 MILLION AS REPORTED A YEAR EARLIER.H1 IMPACTED BY DESTOCKING AND WEAK Q1 DEMAND.HY ADJUSTED OPERATING PROFIT DOWN 5% WITH WEAKER PERFORMANCE ACROSS ALL PRODUCT MARKETS DUE TO LOWER DEMAND AND Q1 DESTOCKING.TRADING CONDITIONS HAVE BEEN CHALLENGING IN FIRST SIX MONTHS OF YEAR FOLLOWING AN UNUSUALLY WEAK Q1 WITH DESTOCKING, AND AN IMPROVED Q2.

Elementis Sees Further Progress In 2019, Albeit Slightly Below Expectations

April 30 (Reuters) - Elementis PLC <ELM.L>::ELEMENTIS ANTICIPATES FURTHER PROGRESS IN 2019, ALBEIT SLIGHTLY BELOW EXPECTATIONS.SOME IMPROVEMENT IN DEMAND ENVIRONMENT AND FURTHER COST EFFICIENCIES IN-TRAIN ARE EXPECTED TO RESULT IN A STRONGER SECOND HALF PERFORMANCE.ON TRACK TO DELIVER FURTHER PROGRESS IN 2019 LED BY SELF-HELP INITIATIVES.

Elementis FY Rev From Cont Ops Rises, Statutory Oper. Profit Falls

March 5 (Reuters) - Elementis PLC <ELM.L>::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".

Quote and financial data from Refinitiv. Fund performance data provided by Lipper. All quotes delayed a minimum of 15 minutes.

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