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Essentra (ESNT) investor relations material
Essentra Trading Update summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Trading performance
Q3 revenue grew 5.9% year-on-year at constant currency, reflecting gradual market recovery and easier comparatives.
New order intake rose 5.6% in Q3, with September rebounding after seasonally softer July and August.
EMEA saw mixed results, with Turkey outperforming due to pricing and currency effects, while UK and Western Europe remained subdued.
Americas maintained growth momentum, supported by pricing actions and stable distributor channels.
APAC performance was driven by China and new business wins in faster-growing markets.
Operational and financial position
Focus remains on operational efficiencies and selective reinvestment aligned with regional demand.
EMEA investments continue in service and ERP deployment; Americas advance pricing initiatives.
Footprint rationalisation measures are progressing as planned.
Financial position is robust, with FY25 leverage expected within 0.5x to 1.5x, supported by strong cash flow.
Acquisition pipeline is strong, with active review of bolt-on opportunities.
Outlook and margin guidance
Revenue growth and improved order intake continued into October.
Cautious on timing of broader market recovery, but cost base streamlining and operational optimisation to protect profitability.
Strong performance in Turkey, which has lower margins, led to slightly weaker group gross margin, expected to persist in Q4.
Full year adjusted operating margin anticipated to remain consistent with H1.
Board remains confident in achieving medium-term strategic and financial targets, supported by operational progress and growth opportunities.
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