Pensions progress and dividend returns
Coats has agreed terms (subject to final settlement) for two UK defined benefit (DB) pension schemes, representing 90% of UK DB scheme liabilities. This clarifies the underlying balance sheet position and ongoing cash profile. Coats retains a strong financial position, with good earnings growth prospects and a likely return to the dividend list from FY17.Coats Group is a thread manufacturer. Co. serves the following markets: Apparel and Footwear, in which it is a thread supplier to the apparel and footwear industries and also a supplier of zips and provides consulting and software services to those industries; Performance Materials, in which it manufactures technical threads and yarn used in a range of industries which include automotive, household and recreation, medical, healthand food, safety, telecoms, conductive and composites; Crafts America, whereby its Crafts business is focused on the Americas textile crafting industry, which it categorizes into two segments: handknitting yarns and needlecrafts including consumer threads and zips.
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