Our purpose is to connect

talent, textiles and technology

TO MAKE A BETTER AND MORE SUSTAINABLE WORLD

Big, bold, game-changing ideas are crucial to delivering this. We are accelerating profitable sales growth through our ground-breaking sustainable products and solutions, transforming Coats for the future and creating value for our customers, their industries, our shareholders, our people and the communities in which we operate.

At a glance

50+

Countries

>30,000

Customers Globally

>15,000

PERMANENT EMPLOYEES

>250

YEARS OF Textiles Experience

CEO’s
statement

Despite unprecedented industry-wide destocking, by focussing on our customers, flexing our operating model and the delivery of strategic projects, productivity and procurement savings, Coats has increased market share, strengthened margins, and delivered another year of strong cash flow.
Rajiv Sharma, Group CEO
Rajiv Sharma, Group CEO

2023 Highlights

2022
2023
Organic revenue decline
14%
2022
2023
Strategic projects savings
$37M
2022
2023
Adjusted EBIT margin
16.7%
2022
2023
Recycled sales growth
44%
2022
2023
Adjusted
EBIT
$233M
2022
2023
Adjusted free cash flow
$131M

Divisions

SUSTAINABILITY

PERSISTENT IN PURPOSE

BOLD IN AMBITION

We remain fully committed to

01

Delivery of “Science-Based Target” emissions reduction across Scope 1, 2 and 3 by 2030

02

Achieve Net Zero emissions by 2050

03

Continuing our transition to renewable energy with 100% renewable electricity by 2030

04

Driving innovation in development and adoption of new market leading eco materials to underpin our journey to 100% non-virgin oil-based materials by 2030

ENERGY

22% reduction in Scopes 1&2 CO2e emissions

Materials

60% volume free from new oil extraction raw materials

WATER

33% increase in recycling waste

Waste

100% all effluent to meet ZDHC limits

People

100% all effluent to meet ZDHC limits

GLOBAL Awards

C2C

A Cradle To Cradle Certified Award

Fortune

A World's Best Workplace Award

Just Style

An Excellence Award

downloads

coats
at a glance
(119kb)
business
model
(918kb)
strategic
report
(17,190kb)
corporate
governance report
(2,615kb)
financial
statements
(727kb)
TCFD
REPORT
(2,436kb)