Like many others affected directly or indirectly by the current crisis, Elementis (ELMTY) PLC has faced numerous headwinds that have pushed the share price significantly below pre-COVID-19 levels. However, even before the company felt the impacts of the crisis, they were struggling. I believe potential investors should still be wary of severe future headwinds ahead and the large debt pile the company has.
Source: proactiveinvestors.co.uk
Plenty of write-downs in H1
Elementis fell to a loss in H1 as they reported significant write-downs over the period due to COVID-19 related pressures. Revenues fell 14%