In-line with its trading update, Avingtrans has reported record results for FY2020 despite the impact of COVID-19 which resulted in a number of delayed orders and challenges, particularly in the Oil & Gas sector, where exposure remains relatively low. Order intake has been building across the summer however and the Group now has 85% cover for FY2021E and, consistent with this time last year, 40% cover for FY2022E. Management has made significant progress with Energy Steel and Booth Industries, b ....
30 Sep 2020
A year of solid progress
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A year of solid progress
Avingtrans plc (AVG:LON) | 390 0 0.0% | Mkt Cap: 129.1m
- Published:
30 Sep 2020 -
Author:
Richard Hickinbotham -
Pages:
3
In-line with its trading update, Avingtrans has reported record results for FY2020 despite the impact of COVID-19 which resulted in a number of delayed orders and challenges, particularly in the Oil & Gas sector, where exposure remains relatively low. Order intake has been building across the summer however and the Group now has 85% cover for FY2021E and, consistent with this time last year, 40% cover for FY2022E. Management has made significant progress with Energy Steel and Booth Industries, b ....