- Essentra posted modest like-for-like revenue growth for the first four months of the year, as a softer end-market backdrop kept a lid on growth in its component division amid an uncertain macro environment.

In the four months to 30 April 2019, trading had been in line with management's expectations, with the company delivering like-for-like revenue growth of about 1%.  

In packaging, underlying revenue momentum remained strong, with 'good growth in both Europe and the Americas boosted by new business wins,' the company said.

The filters division, meanwhile, returned to growth, while the specialist components showed a low single-digit like-for-like revenue decline.

The company maintained its outlook for the full year, while the macro environment in 2019 remained uncertain which, as previously stated, 'impacts the Component division - and elements of Specialist Components,' the company said.

'Essentra remains focused on delivering the stated objectives for each of its four divisions.  Accordingly, the Company expects to make further strategic progress in 2019.'

At 9:09am: [LON:ESNT] Essentra share price was -5.5p at 401.1p

Story provided by