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AUTG Autins Group Plc

9.00
0.00 (0.00%)
28 Mar 2024 - Closed
Delayed by 15 minutes
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% 9.00 8.00 10.00 9.00 9.00 9.00 0.00 00:00:00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Motor Vehicle Part,accessory 18.87M -3.28M -0.0600 -1.50 4.91M

Autins Group PLC AGM Statement (3867U)

29/03/2019 7:00am

UK Regulatory


Autins (LSE:AUTG)
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TIDMAUTG

RNS Number : 3867U

Autins Group PLC

29 March 2019

29 March 2019

Autins Group plc

(the "Company" or the "Group")

AGM Statement

Autins Group plc (AIM: AUTG), a leading designer, manufacturer and supplier of acoustic and thermal insulation solutions for the automotive sector, will hold its Annual General Meeting today at the offices of Freeths LLP, 3rd Floor, The Colmore Row Building, Colmore Circus, Queensway, Birmingham commencing at 4:00pm, where the Group's Chairman, Adam Attwood, will provide the following statement:

"FY2018 was a challenging year that ultimately led to a disappointing financial performance for the Group. FY2019 will be a year of positive momentum for Autins. Gareth Kaminski-Cook has brought renewed stability and energy to the senior management team and that is underpinned by the launch, in November 2018, of the Autins' Values; the Group's six core shared principles for driving and developing the business.

"Our cost base was reduced at the beginning of FY2019 to reflect short term demand from our key customers, yet despite market uncertainties our financial performance for FY2019 is currently in line with management expectations. We expect continued sales improvement for our Neptune product and will continue to focus on customer diversification through development of our overseas operations and our Tier 1 supplier relationships.

"The Board remains confident in our strategy and the considerable market opportunity for the Group.

"The Company will release interim results for the six months ending 31 March 2019 in June 2019."

For further information please contact:

 
 
   Autins Group plc                   Via Newgate 
   Adam Attwood, Non-Executive 
   Chairman 
   Gareth Kaminski-Cook, Chief 
   Executive 
   James Larner, Chief Financial 
   Officer 
 N+1 Singer                         Tel: 020 7496 3000 
  (Nominated Adviser and Broker) 
  Mark Taylor / Lauren Kettle 
  (Corporate Finance) 
  Mia Gardner (Corporate Broking) 
 Newgate Communications             Tel: 020 7653 9850 
  (Financial PR) 
  Adam Lloyd 
  Tom Carnegie 
 

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 flooring, building and wider industrial applications.

The Group is one of the leading 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 news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

END

AGMEAKDPALKNEFF

(END) Dow Jones Newswires

March 29, 2019 03:00 ET (07:00 GMT)

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