StockMarketWire.com - Essentra posts total adjusted operating profits of £85m for the year to the end of December, down 22% at actual exchange rates and 26.8% lower at constant currencies.

Operating profit was weighed by poor performance at Essentra's health & personal care packaging division, a material loss at the Newport folding cartons facility and costs associated with disruption to the sites in Puerto Rico further to hurricane Maria.

Total revenue fell by 2% on a like-for-like basis as weak performance in health & personal care packaging offset strong results in component solutions division. The firm's filter products division saw a material improvement in the second half of the year.

The firm organised into four divisions from January 1: components, packaging, filters and specialist components.

The company said it expects stable performance to prevail across all its divisions, and expects to return to like-for-like revenue growth and margin expansion in 2018.

Full year dividend was unchanged at 20.7p per share. At 8:40am: [LON:ESNT] Essentra share price was +10.1p at 452.3p



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