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Highlights
Elementis is a specialty chemicals company comprising four separate
businesses. Each business - Specialties,
Pigments, Chromium and Specialty Rubber - holds a leading market
position in its chosen sectors. Elementis employs more than 2,000
people at over 40 sites in Europe, Asia Pacific, North America
and Africa.
Elementis plc is listed on the
London Stock Exchange and has its global headquarters in Staines,
UK.
| Financial highlights |
Business highlights |
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Sales £389.2 million (2003: £368.2 million)
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Operating profit before goodwill amortisation and
exceptionals £11.8 million (2003: £24.5 million)
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Profit before tax, goodwill amortisation and
exceptionals £6.2 million (2003: £18.3 million)
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Earnings per share before goodwill amortisation and
exceptionals 1.4p (2003: 3.0p)
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Operating loss £2.5 million (2003: profit of £10.9
million)
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Loss before tax £7.8 million (2003: profit of £5.5
million)
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Basic loss per share 1.8p (2003: earnings of 1.0p)
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Net year end borrowings £90.2 million including £36.3
million for the acquisition of Sasol Servo
(2003: £46.9 million)
- Net year end gearing 30 per cent* (2003: 16 per cent*)
* ratio of net borrowings to shareholders'
funds plus net borrowings
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By January 2005 Chromium chemicals prices up 25 per cent
from late 2003 low point
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Volumes and prices up in Specialties, Pigments and Specialty
Rubber
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Accelerated sales growth and increased synergy expectations
in Specialties
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Chinese Pigments plant complete and commissioning underway
- Specialty Rubber restored to profitability
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