IN BRIEF: Elementis expects annual profit to be in line with consensus
Elementis PLC - London-based speciality chemicals - Delivers a "solid performance" during the fourth quarter of 2022, despite "experiencing weaker trading conditions as the macro-economic environment deteriorated through the period". Underlying operating profit for 2022 is expected to be in the range of USD120 million to USD123 million in line with market expectations and significantly ahead of the prior year. Particularly, says Personal Care continued to perform strongly. "In Cosmetics, pricing actions more than offset continuing cost inflation and some weakening of demand in certain regions. AP Actives demand remained robust," Elementis adds. Expects net debt at the end of 2022 to be about USD367 million. Full-year 2022 results will be released on March 7. Read More