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Jan 21 2025, 07:21 GMT
Essentra plc
Pre-close update: FY24 was in line, but adverse mix could impact FY25e
- Sectors : Capital Goods
- Companies : Essentra plc
DAVY VIEW
FY24 has come in line with expectations, but tough trading and sentiment persist in the higher-margin eurozone as we head into FY25. We have decided to take a more cautious view on the timing of recovery but note that this does not change the fundamentals of the investment case. We maintain our ‘Outperform’ rating and 170p price target.
