Full-year results were in line with expectations, seeing parts of the business turnaround and others perform very strongly, gaining strong order intake especially in the nuclear and defence sectors. The prospects for the new helium-free MRI system offer significant medium-term upside and the group’s strong balance sheet means the group is well placed for the next step in the PIE strategy. Our FY22 forecast remains broadly unchanged. We raise our PT by 9% to 495p and continue to expect steady ou ....
29 Sep 2021
Avingtrans - FY results – a strong recovery in profitability and orders
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Avingtrans - FY results – a strong recovery in profitability and orders
Avingtrans plc (AVG:LON) | 405 20.3 1.3% | Mkt Cap: 134.0m
- Published:
29 Sep 2021 -
Author:
David Buxton -
Pages:
7
Full-year results were in line with expectations, seeing parts of the business turnaround and others perform very strongly, gaining strong order intake especially in the nuclear and defence sectors. The prospects for the new helium-free MRI system offer significant medium-term upside and the group’s strong balance sheet means the group is well placed for the next step in the PIE strategy. Our FY22 forecast remains broadly unchanged. We raise our PT by 9% to 495p and continue to expect steady ou ....