Castings has released an AGM trading statement indicating that demand from commercial vehicle OEMs continues to be at low levels relative to the strong FY24 period. With an improvement in demand now not expected until at least early 2025, we lower adjusted PBT forecasts for the year to 31 March 2025 by 32% from £14.8m to £10.1m. Elsewhere, trading has commenced at the Scunthorpe ductile business acquired in June and the investment in the new foundry production line remains in line with budget, w ....
