16th May 2023 10:33
Essentra PLC - Oxford-based components company - Notes robust performance in its European business in the four months that ended May 6, while distributors show signs of destocking. Says group sales are down 9.0% on a like-for-like basis in the period year-on-year. "This reflects a particularly strong comparator in the prior year, with significant end-market recovery including improving supply chains which enabled the business to recover historically high order book backlogs experienced at the beginning of 2022," the firm explains. Read More
