No recommendation
No news or research item is a personal recommendation to deal. Hargreaves Lansdown may not share ShareCast's (powered by Digital Look) views.
(Sharecast News) - Autins Group reported its first annual profit since 2017 on Monday, with revenue of 17.6m for the year ended 31 March and adjusted EBITDA rising to 2.4m, while gross margin before non-underlying items improved to 36.2% from 32.1% on the comparable 12-month basis.
The AIM-traded automotive acoustic and thermal insulation specialist said it secured 15m of new business awards during the year, continued to grow in continental Europe, and limited the impact of a cyber-attack on its largest customer through a more diversified customer base and improved financial flexibility.
Autins said it was now moving into the 'Thrive' stage of its growth plan, guiding to FY27 revenue of 22m and profit after tax of 0.8m, rising to 26m and 1.4m in FY28, and 27m and 1.9m in FY29.
At 1155 BST, shares in Autins Group were down 10.34% at 13p.
Reporting by Josh White for Sharecast.com.
See latest RNS on Investegate
The value of investments can go down in value as well as up, so you could get back less than you invest. It is therefore important that you understand the risks and commitments. This website is not personal advice based on your circumstances. So you can make informed decisions for yourself we aim to provide you with the best information, best service and best prices. If you are unsure about the suitability of an investment please contact us for advice.