The results were slightly above expectations and have been driven by the 9-month contribution of Hayward Tyler since its acquisition. The integration process has gone well and completed ahead of schedule, achieving its targeted cost savings. In-line results are reassuring. We see significant upside to profits over the next few years as PB’s and HTG’s profits progress towards mid-teens EBITDA margins in the medium term. In the mean time, significant hidden value is building up, as

03 Oct 2018
Avingtrans - A tasty slice of PIE – results slightly above forecast

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Avingtrans - A tasty slice of PIE – results slightly above forecast
Avingtrans plc (AVG:LON) | 420 0 0.0% | Mkt Cap: 139.0m
- Published:
03 Oct 2018 -
Author:
David Buxton -
Pages:
13 -
The results were slightly above expectations and have been driven by the 9-month contribution of Hayward Tyler since its acquisition. The integration process has gone well and completed ahead of schedule, achieving its targeted cost savings. In-line results are reassuring. We see significant upside to profits over the next few years as PB’s and HTG’s profits progress towards mid-teens EBITDA margins in the medium term. In the mean time, significant hidden value is building up, as