Avingtrans reported very strong progress for FY18, with 11% organic sales growth and adjusted PBT up over 9x. This was driven by the acquisition, integration and prompt restructuring of Hayward Tyler Group (HTG), transforming its profitability within the first nine months of ownership. Management remains confident about growth prospects for its current portfolio, underpinned by strong order coverage for the coming year, contract wins in new markets and continuing growth in higher margin aftermar ....
03 Oct 2018
Strong progress on buy & build
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Strong progress on buy & build
Avingtrans plc (AVG:LON) | 405 0 0.0% | Mkt Cap: 134.0m
- Published:
03 Oct 2018 -
Author:
Jo Reedman -
Pages:
3
Avingtrans reported very strong progress for FY18, with 11% organic sales growth and adjusted PBT up over 9x. This was driven by the acquisition, integration and prompt restructuring of Hayward Tyler Group (HTG), transforming its profitability within the first nine months of ownership. Management remains confident about growth prospects for its current portfolio, underpinned by strong order coverage for the coming year, contract wins in new markets and continuing growth in higher margin aftermar ....