The group’s Covid-19 trading update provides some comfort on trading, with a strong order book and the majority of sites operating near normal. Cash conservation efforts appear sensible, including the cancelation of the Interim dividend, while their balance sheet remains strong. FY20 is trading broadly in line with expectations, with FY21 forecasts withdrawn. The group looks in a stronger position than many, with PIE opportunities emerging in due course.
09 Apr 2020
Avingtrans - Covid-19 update
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Avingtrans - Covid-19 update
Avingtrans plc (AVG:LON) | 390 0 0.0% | Mkt Cap: 129.1m
- Published:
09 Apr 2020 -
Author:
David Buxton -
Pages:
3
The group’s Covid-19 trading update provides some comfort on trading, with a strong order book and the majority of sites operating near normal. Cash conservation efforts appear sensible, including the cancelation of the Interim dividend, while their balance sheet remains strong. FY20 is trading broadly in line with expectations, with FY21 forecasts withdrawn. The group looks in a stronger position than many, with PIE opportunities emerging in due course.