Alumasc’s 1H results reflect some market headwinds in the period and a demanding comparable that included a significant CLK shipment. There are some signs of improving demand with a stronger December, an increasing order book, and delivery schedules supporting a much stronger 2H. An additional annualised £1.1m of cost savings are also expected in 2H. Management are confident of being on track to deliver expectations and we make no change to our forecasts. On a FY27E P/E of 7.5x the shares are on ....
