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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 | 0.00 | 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 |
TIDMAUTG
RNS Number : 9582E
Autins Group PLC
24 October 2018
24 October 2018
Autins Group plc
(the "Company" or the "Group")
Post Year End Update
Autins Group plc (AIM: AUTG), a leading designer, manufacturer and supplier of acoustic and thermal insulation solutions for the automotive sector, is today providing an update in relation to the outturn of the year ended 30 September 2018.
As highlighted in our announcements on 6 June and 18 September, the trading conditions experienced by the Group in 2018 have been challenging and the Board now expects to report Revenues for FY18 to be not less than GBP29 million and Adjusted Loss Before Tax not more than GBP1.3 million. Net debt at the year end was GBP4.2 million.
Against this backdrop, the Board is taking steps to ensure the Company has the correct cost base for the prevailing trading environment whilst ensuring there is sufficient capacity to take advantage of the many opportunities to grow and diversify the business.
In this regard, the Board is pleased to report GBP1 million of Neptune component sales wins since the interim results in June, of which 70% have been to new customers across Europe, including with new OEMs and Automotive Tier 1s. Over the same period the annualised sales of Neptune based products has increased by 34%.
For further information please contact:
Autins Group plc Via Newgate Adam Attwood, Non-Executive Chairman Gareth Kaminski-Cook, CEO James Larner, CFO Cantor Fitzgerald Europe Tel: 020 7894 7000 (Nominated Adviser and Broker) Philip Davies Will Goode 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 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.
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October 24, 2018 02:00 ET (06:00 GMT)
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