Autins has reported full year results to the end of September that reflect a year of two distinct halves with H2 facing the unprecedented challenges of Covid and widespread disruption caused by OEM plant shutdowns, including at its largest customer. Full year revenues declined by 20% to £21.5m, split between H1 at £13.2m and H2 at £7.8m. Strong management action nevertheless saw gross margins maintained at c.28% through operational improvements, restructuring and tight cost control, and EBITDA ( ....
20 Jan 2021
Challenges but also opportunity
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Challenges but also opportunity
Autins Group Plc (AUTG:LON) | 11.0 0 0.0% | Mkt Cap: 6.01m
- Published:
20 Jan 2021 -
Author:
Richard Hickinbotham -
Pages:
4
Autins has reported full year results to the end of September that reflect a year of two distinct halves with H2 facing the unprecedented challenges of Covid and widespread disruption caused by OEM plant shutdowns, including at its largest customer. Full year revenues declined by 20% to £21.5m, split between H1 at £13.2m and H2 at £7.8m. Strong management action nevertheless saw gross margins maintained at c.28% through operational improvements, restructuring and tight cost control, and EBITDA ( ....