Autins profitability improves, board defers guidance

(Sharecast News) - Autins Group reported improved profitability metrics for the 18-month period ended 31 March on Tuesday, with gross margin, EBITDA and cash performance all strengthening despite a small decline in second-half sales and continued net losses.

The AIM-traded acoustic and thermal insulation group said it made a small net profit in the final quarter, marking progress towards a return to sustainable profitability.

Group sales for the period totalled �31.1m, up from �22.7m in the year to September 2023.

Sales in the six months to March were �9.6m, slightly below the prior six-month period, mainly due to modest volume reductions in Germany and Sweden.

Gross profit for the period rose to �9.9m, with gross margin improving by 2.6 percentage points to 32.1%.

Margins in the latest six months rose to 33.2%, supported by operational efficiencies in the UK and German businesses.

EBITDA rose to �2.2m, representing 7.0% of sales, compared to 5.3% in the 2023 financial year.

For the most recent six months, EBITDA reached �0.9m, or 9.8% of sales, a �0.5m increase on the prior half year.

The group posted a net loss of �1.7m for the full period, but reduced its net loss in the final six months to �0.4m from �0.8m previously.

Autins ended the period with net debt of �1.1m, down from �1.6m, and said it remained in compliance with banking covenants and continued to service its loans as scheduled.

New business wins in the UK and EU were expected to support revenue growth in the second half of the 2026 financial year.

While the group noted potential short-term volume fluctuations linked to evolving US tariffs, it said it did not expect this to affect its longer-term growth trajectory.

Due to current uncertainty, Autins said it had deferred reintroducing market guidance but intended to do so later in the year as visibility improved.

At 1307 BST, shares in Autins Group were down 0.01% at 7p.

Reporting by Josh White for Sharecast.com.