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(Sharecast News) - Avingtrans said in an update on Wednesday that it expects to report adjusted EBITDA ahead of market expectations for the financial year ending 31 May, driven by stronger-than-anticipated performance in its Advanced Engineering Systems (AES) division.
The AIM-traded specialist engineering firm, which serves the energy, medical and industrial sectors, said revenue was expected to be in line with forecasts based on unaudited management accounts.
It said a more detailed trading update would be published in mid-June.
At 0937 BST, shares in Avingtrans were up 3.5% at 414p.
Reporting by Josh White for Sharecast.com.
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