Coats group reports 1% rise in sales

Thread maker Coats Group on Friday said sales grew 1% in the year to October, driven by growth in both its apparel and footwear and and performance materials units.

For the four months from July, group sales were flat on a constant currency basis, reflecting slightly lower activity in both apparel and footwear and performance materials and against the strong growth of 4% in the comparative period in 2018.

On a reported basis, group sales in the period were down 1% year-on-year, an improvement on the 3% decline in the first half, due to a softening of foreign exchange headwinds.