Coats Group releases 2024 annual financial report

Published 13/03/2025, 08:22
Coats Group releases 2024 annual financial report

LONDON - Coats Group (LON:COA) PLC, the UK-based thread manufacturing leader, has released its Annual Financial Report for the year ended December 31, 2024. The report, which details the company’s financial performance, is now available on Coats’ official website and will be accessible through the National Storage Mechanism.

The document release follows regulatory protocols, with a hard copy set to be distributed to shareholders opting for paper communications around March 19, 2025. Shareholders who prefer digital formats can access the report and related Annual General Meeting materials on the Coats website the same day.

Coats, a constituent of the FTSE250 and the FTSE4Good Index, reported a revenue of $1.5 billion for 2024. The company boasts a workforce exceeding 16,000 across approximately 50 countries, underscoring its global presence in the apparel and footwear industries, as well as in performance materials.

The firm is known for its commitment to innovation, sustainability, and diversity. Coats operates four Innovation Hubs worldwide, focusing on developing advanced materials and products. It also participates in the UN Global Compact and aims to achieve its Science Based sustainability targets for 2030, aspiring to reach net-zero by 2050.

The information in this article is based on a press release statement from Coats Group PLC.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.

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