Avingtrans has reported FY17 numbers a little ahead of our forecasts, for its last period before the acquisition of Hayward Tyler Group (HTG) on 31st August. The enlarged group has good opportunities for sales growth and margin enhancement, leveraging its broader product offer and specialised expertise in its niche engineering markets of Energy and Medical. This should help deliver another cycle of value creation from Avingtrans’ successful buy, build and sell strategy. We have increased our adj ....
27 Sep 2017
N+1 Singer - Avingtrans - Another cycle of value creation
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N+1 Singer - Avingtrans - Another cycle of value creation
Avingtrans plc (AVG:LON) | 400 40 2.6% | Mkt Cap: 132.4m
- Published:
27 Sep 2017 -
Author:
Jo Reedman -
Pages:
17
Avingtrans has reported FY17 numbers a little ahead of our forecasts, for its last period before the acquisition of Hayward Tyler Group (HTG) on 31st August. The enlarged group has good opportunities for sales growth and margin enhancement, leveraging its broader product offer and specialised expertise in its niche engineering markets of Energy and Medical. This should help deliver another cycle of value creation from Avingtrans’ successful buy, build and sell strategy. We have increased our adj ....