Autins Group PLC Trading Update and Notice of Results (2373R)
28 Ottobre 2019 - 8:00AM
UK Regulatory
TIDMAUTG
RNS Number : 2373R
Autins Group PLC
28 October 2019
28 October 2019
Autins Group plc
("Autins", the "Company" or the "Group")
Trading Update and Notice of Results
Autins Group plc (AIM: AUTG), a leading designer, manufacturer
and supplier of acoustic and thermal insulation solutions for the
automotive sector, provides the following update on trading for the
year ended 30 September 2019.
The Board expects to report FY19 results in line with market
expectations.
The extensive management actions employed to reduce costs and
increase operational efficiency have successfully delivered
improved profit margins. The Group is well placed with sufficient
capacity to take advantage of the many opportunities in its
pipeline to grow and diversify the business.
Sales to customers outside of UK are progressing well and in
this regard, the Board is pleased with the developments made by
Neptune, the Group's lightweight, high performance material, in
securing multiple new business client wins and with production
levels ramping up towards the end of FY19, which has continued in
the new financial year. The Group continues to successfully pursue
work on new vehicle platforms with new and existing OEM customers,
as part of its overall growth and diversification strategy.
Gareth Kaminski-Cook, Chief Executive Officer of Autins Group,
comments: "This has been a challenging year for both the industry
and the Group, but it has also been a year of repositioning,
recovery and new business wins. The positive momentum is
encouraging and, combined with a stronger balance sheet following
the successful placing in the summer, gives cause for optimism for
the year ahead."
Notice of Results
Autins will publish results for the year ended 30 September 2019
on 11(th) December 2019.
The management team will be hosting a presentation for analysts
on the day of results at 9:30am at the offices of Newgate
Communications, Sky Light City Tower, 50 Basinghall Street, London,
EC2V 5DE.
For further information please contact:
Autins Group plc Via Newgate
Adam Attwood, Non-Executive Chairman
Gareth Kaminski-Cook, Chief Executive Officer
James Larner, Chief Financial Officer
N+1 Singer (Nominated Adviser and Broker) Tel: 020 7496 3000
Mark Taylor / Lauren Kettle (Corporate
Finance)
Mia Gardner (Corporate Broking)
Newgate Communications (Financial PR) Tel: 020 7653 9850
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, furniture 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 a broad range of support to 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
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