Coats reports flat footwear revenue in first half
Coats Group has reported flat organic revenue growth in its footwear business for the first half of 2026, with improved momentum in the second quarter despite challenging market conditions.
The company said OrthoLite sales declined on a pro forma basis due to strong year-ago comparisons and temporary capacity issues at its Indonesian manufacturing facility. Coats expects the insole business to return to growth in the second half.
Group revenue increased 19% on a reported basis to $837 million (€713 million), while adjusted EBIT rose 19% to $166 million (€141 million).
Coats said its footwear division benefited from growth in composite tapes and that investment in footwear capabilities was supporting future expansion. The integration of OrthoLite is progressing, with sales synergies expected to generate at least $40 million (€34 million) in annual incremental revenue by 2030.
Coats maintained its full-year outlook, expecting continued market outperformance and earnings growth.
