Understanding Coats

Investment case

Our investment case supports and sustains our market leadership and delivers cash generative and consistent growth to our shareholders.

There are four elements to our investment case; each element is a strength in itself but, together, they combine to set us apart from our competitors, giving us a solid platform from which to innovate and grow.


Market leader in Apparel and Footwear thread

We are increasing share in the A&F market through our deep customer insight, commitment to acting responsibly and providing a range of value enhancing products and services such as digital platforms, cross-selling and consultancy.


Leading player in the Performance Materials market

We have the opportunity to grow in a fragmented, high growth Performance Materials market. This will be achieved through opportunities for geographic expansion, product innovation and bolt on acquisitions.

Coats employee

Delivering self-help initiatives

We are led by an experienced management team and supported by a highly engaged workforce that are delivering a range of self-help initiatives (eg productivity, procurement and SD&A savings) to support margins.

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Track record of delivering free cash flow

We have a defendable business with high returns on capital and a track record of delivering good levels of free cash. This allows us to invest in organic growth, manage pension liabilities, fund bolt on acquisitions and pay dividends.