Castings’ interim results to 30 September 2024 confirm what has been previously reported by the Group and more widely across the industry. The normalisation during Q4 FY24 has continued into FY25 with trading across the first half seeing a reduction in orders following a period of elevated heavy truck demand. This left H1 revenue down 20% yoy to £89.2m as Foundry volumes reduced 18.4%. This understandably had a magnified affect on profitability due to the operational gearing in the Group, causin ....
