Q3 2021 Essentra PLC Trading Statement Call Transcript
Good day, and welcome to the Essentra Strategic and Q3 Trading Update Conference Call. At this time, I would like to turn the conference over to Paul Forman and Lily Liu. Please go ahead.
Thank you, Tracy. And good morning to you all and thank you for joining this call. It's Paul Forman here and I am with Lily. My intention would be to speak for 5 to 10 minutes and then hand over the floor to -- for questions.
So there were 2 elements to the announcement we made today, and I'll take each in turn. The first was to communicate the Board's conclusion that both the growth aspirations of all 3 divisions and also shareholder value would be optimized by becoming a pure play Components business over time. And then secondly, we'll touch upon the trading update and the outlook statement.
So the background to the strategic update and the conclusions that the Board have arrived at really has its origins going back to the earlier phases of our development, and our approach is always
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