Coral Products PLC

Equities

CRU

GB0002235736

Non-Paper Containers & Packaging

Market Closed - London S.E. Other stock markets 11:35:13 2024-05-15 am EDT			5-day change	1st Jan Change
10.5 ^GBX	0.00%		+7.69%	-30.00%

Jan. 26	Coral Products shares drop 25% as warns will miss annual expectations	AN
Jan. 26	AIM WINNERS & LOSERS: Primorus rises as Autodesk buys investee	AN

Coral says sales visibility less clear than previous years

September 27, 2023 at 07:08 am EDT

Coral Products PLC - Manchester, England-based specialist in the design, manufacture and supply of plastic products - Says trading for the year ending April 30 has "started well," and is trading in line with expectations. Says first quarter of the financial year has been strong but says it has "seen some softening" in the second quarter.

Adds it is continuing to manage its cost base. Also notes that Ecodeck Grids Ltd, Manplas Holdings Ltd, Alma Products Ltd and Film & Foil Solutions Ltd, which it acquired in financial 2023, are integrating well and notes that Customised Packaging Ltd, its specialist logistics solutions operation, was merged with Manplas back in May.

Looking ahead, says the macroeconomic outlook "remains challenging" but will continue to focus on cost and cash management. Adds sales visibility is not as clear as in previous years.

Current stock price: 15.50 pence, down 8.8% in London around midday

12-month change: up 11%

By Sabrina Penty, Alliance News reporter

Comments and questions to newsroom@alliancenews.com

Latest news about Coral Products PLC

Coral Products shares drop 25% as warns will miss annual expectations	Jan. 26	AN
AIM WINNERS & LOSERS: Primorus rises as Autodesk buys investee	Jan. 26	AN
Coral Products to Consider Business Optimization Measures, Interim Dividend Suspension Under Comprehensive Review	Jan. 26	MT
Coral Products plc Suspends the Fiscal Year 2024 Interim Dividend Previously Announced	Jan. 26	CI
Coral Products keeps focus on targets despite interim earnings drop	Dec. 11	AN
Earnings Flash (CRU.L) CORAL PRODUCTS Reports Fiscal H1 EPS GBX0.84	Dec. 11	MT
Coral Products PLC Reports Earnings Results for the Half Year Ended October 31, 2023	Dec. 11	CI
Earnings Flash (CRU.L) CORAL PRODUCTS Posts Fiscal H1 Revenue GBP17.2M	Dec. 11	MT
Synectics announces contract win; LifeSafe revenue up	Nov. 29	AN
Coral Products Names New CEO; Executive Chairman to Move to Nonexecutive Role	Nov. 29	MT
Coral Products plc Announces Board Changes	Nov. 29	CI
Coral Products PLC Appoints Lance Burn as Group Chief Executive Officer, Effective 2 January 2024	Nov. 29	CI
Coral Products plc Announces Final Dividend for the Year Ended 30 April 2023, Payable on 30 November 2023	Nov. 29	CI
Coral Products PLC commences an Equity Buyback Plan for 12,392,230 shares, representing 13.73% of its issued share capital, under the authorization approved on September 27, 2023.	23-10-02	CI
National World buys two companies for GBP11 million	23-09-29	AN
FTSE 100 Closes Down 0.46% Weighed by Real Estate	23-09-27	DJ
Coral Products PLC Approves Final Dividend for the Year Ended 30 April 2023, Payable on 30 November 2023	23-09-27	CI
Coral says sales visibility less clear than previous years	23-09-27	AN
Coral Products PLC's Equity Buyback announced on July 10, 2023, has expired.	23-09-26	CI
Coral Products annual revenue jumps but higher costs stalls profit	23-09-04	AN
Earnings Flash (CRU.L) CORAL PRODUCTS Posts FY23 Revenue GBP35.2M	23-09-04	MT
Coral Products plc Proposes Final Dividend, to Be Paid on 30 November 2023	23-09-04	CI
Coral Products PLC Reports Earnings Results for the Full Year Ended April 30, 2023	23-09-04	CI
Coral Products PLC commences an Equity Buyback Plan for 12,392,230 shares, representing 14.86% of its issued share capital, under the authorization approved on September 29, 2022.	23-07-10	CI
Coral Products to pay GBP1.3 million earn-out for Alma	23-07-04	AN

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Company Profile

Coral Products PLC is a United Kingdom-based manufacturer and distributor of plastic products. The principal activity of the Company and its subsidiaries is the manufacture of plastic injection, extrusion, vacuum formed, fabricated products, cap enclosures and distribution of a range of trigger sprays and nozzles. It offers its products to a range of sectors, including personal care, household, healthcare, automotive, telecoms and rail. It has operations in the United Kingdom with manufacturing and distribution facilities throughout the North West of England. The Companyâs subsidiaries include Film & Foil Solutions Ltd, which is a converter and stockist of flexible packaging film, print lamination film and specialty plastics; Alma Products Ltd, is engaged in providing formable plastic sheet for form-fill-seal applications, thermoformed and printed plastic food packaging, and Manplas Limited, which is a provider of customized product protection solutions solving logistical problems.

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Non-Paper Containers & Packaging

Calendar

2024-09-02 - Q4 2024 Earnings Release (Projected)

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