Financial PerformanceElementis continues to be a top pick in the sector due to its strong financial performance despite difficult end markets.
Growth StrategyThere is a refreshed and cohesive organic growth focus with a strong balance sheet, providing scope for additional returns.
Market ValuationElementis trades at discounts to peers on an EV/EBITA basis despite standout margins, indicating potential upside.
ProfitabilityImpressive margins, particularly in Personal Care, reaching a record high of 34%, drove 1H25 EBITA that was 2% above JEFe.