StockMarketWire.com - Essentra on Friday swung to a profit Friday, but revenues were crimped by a 'modest' like-for-like decline in its filters and specialist components divisions.

For the 12 months ended December 31, the company reported a pre-tax profit of £36m, compared with a loss of £5m the previous year. Revenues declined 0.2% to £1.025bn.

Robust performance in components and a return to growth in packaging in second half, was partially offset by a modest like-for-like decline in filters and specialist components, which fell 3% and 1% on like-for-like basis, respectively, the company said.

The full year dividend was unchanged at 20.7p per share.

Heading into 2019, the macro economic environment is uncertain, Paul Forman, Chief Executive, said. However, while our Components division - and elements of Specialist Components - are more exposed to industrial segments with a certain degree of cyclicality, much of our Group serves end-markets which are non-cyclical in nature.'


At 9:16am: [LON:ESNT] Essentra share price was +8.9p at 385.7p



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