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| Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
|---|---|---|---|---|---|
| Autins Group Plc | LSE:AUTG | London | Ordinary Share | GB00BD37ZH08 | ORD GBP0.02 |
| Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.00 | 0.00% | 11.00 | 10.00 | 12.00 | 11.00 | 11.00 | 11.00 | 1,883 | 01:00:00 |
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| Motor Vehicle Part,accessory | 22.68M | -913k | -0.0167 | -6.59 | 6.01M |
From May 2019 to May 2024
TIDMAUTG
RNS Number : 6681V
Autins Group PLC
01 February 2017
01 February 2017
Autins Group plc
("Autins" or the "Group")
Resignation of Chief Executive, Notice of Results and Update on Trading
Autins Group plc (AIM: AUTG), a leading UK designer, manufacturer and supplier of acoustic and thermal insulation solutions for the automotive sector, announces that Jim Griffin has, for personal reasons, resigned as Chief Executive Officer and a member of the Board with immediate effect.
The Board has commenced a process of identifying a suitable replacement Chief Executive Officer and a further announcement will be made as soon as possible.
The Group expects to publish its preliminary results for the financial year ended 30 September 2016 on Tuesday 7 March 2017. The Board can confirm that these will be in line with market expectations and sales for the first quarter of the current financial year have been in line with the Board's expectations.
The Board, however, is now aware that a major customer has provided revised volumes and introduction timings for certain platforms. In consequence, the Board expects that revenues for the current year will be materially lower than market expectations. The Board is currently evaluating the likely impact on the year to 30 September 2018 and will provide guidance at the time of the publication of the preliminary results for 2016.
The continuing strategic focus of the Board is to diversify the Group's automotive customers, drive growth in non-automotive applications and expand the geographic footprint. The Board believes that the Group remains on track to become a leading provider of premium acoustic and thermal materials and components to a wide range of sectors and customers.
For further information please contact:
Autins Group plc Via Newgate Adam Attwood, Non-Executive Chairman James Larner, CFO Cantor Fitzgerald Europe Tel: 020 7894 7000 (Nominated Adviser and Broker) Philip Davies Will Goode Callum Butterfield Newgate Communications Tel: 020 7653 9850 (Financial PR) Adam Lloyd
About Autins
Autins specialises in the design, manufacture and supply of acoustic and thermal insulation solutions primarily in the automotive sector but with an increasing focus on other sectors, including white goods, power generation, marine, apparel, rail, commercial vehicles and industrial sectors.
The Group is one of the leading UK suppliers of noise and heat management products in the automotive market, producing and supplying over two million parts per month to customers including some of the world's leading vehicle manufacturers.
This information is provided by RNS
The company news service from the London Stock Exchange
END
NORLFFLFLSILVID
(END) Dow Jones Newswires
February 01, 2017 02:00 ET (07:00 GMT)
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