Avingtrans has given a strong year end trading update for the year to May 2019, driven by performance improvement from the Hayward Tyler businesses in particular, but with good growth across the group. Management now anticipates FY19 adjusted PBT of c.£5.2m, c.£1m better than expected, with improved net debt. The group has also announced another bolt-on acquisition for $1m, of US-based Energy Steel. We have increased our adjusted PBT forecast by 24% for FY19 and by 15% for FY20 as the group inte ....
26 Jun 2019
PBT increased by 24% for FY19, 15% for FY20
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PBT increased by 24% for FY19, 15% for FY20
Avingtrans plc (AVG:LON) | 400 40 2.6% | Mkt Cap: 132.4m
- Published:
26 Jun 2019 -
Author:
Jo Reedman -
Pages:
3
Avingtrans has given a strong year end trading update for the year to May 2019, driven by performance improvement from the Hayward Tyler businesses in particular, but with good growth across the group. Management now anticipates FY19 adjusted PBT of c.£5.2m, c.£1m better than expected, with improved net debt. The group has also announced another bolt-on acquisition for $1m, of US-based Energy Steel. We have increased our adjusted PBT forecast by 24% for FY19 and by 15% for FY20 as the group inte ....