StockMarketWire.com - Essentra remained confident that it would return to like-for-life revenue growth and margin expansion in the full year 2018 supported by strong performance in its components division and improvements in its packaging division.

Like-for-like revenue grew about 2% for the financial year to date, in line with the firm's expectations.

The components division, delivered strong growth driven by all geographic regions while a stable result in the filters segment reflected continued good performance in China.

The rate of decline in its packaging division continued to moderate, supported by significant improvements in service and quality.

A modest increase was seen in the specialist components segment as the rate of improvement in the firm's Industrial Supply, Extrusion and Pipe Protection Technologies businesses fell sharply.

'The board confirms its expectation of a return to like-for-like revenue growth and margin expansion in full year 2018,' the firm said.


At 8:34am: [LON:ESNT] Essentra share price was +22.7p at 454.3p



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