Elementis (ELM) Trading Update summary

Executive summary

• Delivered resilient Q3 performance with revenue of approximately $152m, up 2% year-over-year; constant currency revenue was flat due to a weaker dollar.

• Adjusted operating profit improved versus prior year, supported by cost-control and self-help actions; margins consistent with H1.

• Full year financial guidance maintained, with performance expected in line with market expectations.

Financial highlights

• Q3 revenue of about $152m, up 2% compared to the same quarter last year; flat on a constant currency basis.

• Adjusted operating profit increased year-over-year; year-to-date adjusted operating margins in line with H1.

• Mean adjusted operating profit consensus for FY2025 is $125m (range $123-127m).

Outlook and guidance

• Full year guidance reaffirmed, with expectations to meet market consensus.

• Market demand in coatings expected to remain soft; focus remains on operational efficiency and cost savings.