UNDERSTANDING COATS
Financial performance
Understanding Coats
Financial performance
| Continuing operations | FY 2024 | FY 20234 | FY 2024 vs FY 2023 | |
| Reported |  CER |
|||
| Revenue | $1,501m | $1,394m | 8% | 9% |
| Adjusted1 | ||||
| EBIT5 | $270m | $233m | 16% | 18% |
| Basic earnings per share | 9.5c | 8.0c | 18% | |
| Free cash flow | $153m | $131m | ||
| Net debt (excl. lease liabilities) | $449m | $384m | ||
| Reported2 | ||||
| EBIT5 | $200m | $184m | ||
| Basic earnings per share4 | 5.0c | 5.2c | ||
| Net cash generated by operating activities6 | $185m | $124m | ||
| Final dividend per share (cents) | 2.19c | 1.99c | ||
Alternative Performance Measures – see note 36. 1. Adjusted measures are non-statutory measures (Alternative Performance Measures). These are reconciled to the nearest corresponding statutory measure in note 36. Constant Exchange Rate (CER) metrics are 2023 results restated at 2024 exchange rates.
2. Reported metrics refer to values contained in the IFRS column of the primary financial statements in either the current or comparative period.
4. From continuing operations.
5. EBIT (Earnings before interest and tax) relates to Operating Profit as shown on the face of the P/L.
6. Excludes £100 million payment in relation to the pension settlement.
2024 HIGHLIGHTS
9%
Organic revenue decline $270m
Adjusted EBIT $67m
Strategic projects savings ontrack to deliver $75 million in 2025
$153m
Adjusted free cash flow 18%
Adjusted EBIT margin 144%
Recycled sales growth 
David Paja
Group CEO
Group CEO
“Our 2024 results show another year of strong delivery, creating a platform for compounding earnings growth.”
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