• Group trading is recovering well with Q4 LFL -1%
    • Components - improving trend since onset of pandemic
    • Packaging - underlying market impacted in Q3, much improved in Q4
    • Filters - underlying demand remained robust, returned to marginal growth in H2
  • High customer satisfaction levels leading to deepened customer franchises
  • Value enhancing $65m acquisition of 3C! Packaging completed, integration on plan
  • Efficiencies of £13m1 from strategic initiatives underpinning future profitability
  • Progress on sustainability, with environmental targets announced
  • Net debt to EBITDA ratio of 1.5x2 provides strategic optionality
  • FY dividend to be resumed at 3.3p

1 - Savings from these actions expected to start in 2021, with annual savings of c£13m from 2022 onwards 2 - Net debt to EBITDA ratio is presented excluding lease liabilities, including lease liabilities ratio is 1.8x

2

  • Employee survey: 91% participation with strong engagement
  • Asymptomatic COVID-19 testing: introduced to help protect our staff
  • Senior leadership: visibility and communication continues to be a focus
  • Make it Work awards: 536 nominations, almost double the previous year
  • Roll out of global EAP programme
  • Launch of health and wellbeing strategy to look after the Essentra family - physically and emotionally
  • Company funded certain country furlough schemes, no UK government support taken

4

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Essentra plc published this content on 15 February 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 15 February 2023 08:04:00 UTC.