Having navigated through a tricky period, Avingtrans should see a return to growth in FY16 as the aerospace volume build is fully reflected and a new nuclear opportunity comes on stream. Forecasts for double-digit growth in both EPS and DPS supported by a strong balance sheet do not appear to be adequately reflected in a single-digit current year multiple, with inorganic development also back on the agenda.


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Having navigated through a tricky period, Avingtrans should see a return to growth in FY16 as the aerospace volume build is fully reflected and a new nuclear opportunity comes on stream. Forecasts for double-digit growth in both EPS and DPS supported by a strong balance sheet do not appear to be adequately reflected in a single-digit current year multiple, with inorganic development also back on the agenda.