Headline numbers are moving in the right direction with 1H24 sales up 7.5% to £11.7m and adj. EBITDA more than doubling, from £0.36m to £0.81m. This reflects both a more supportive automotive market backdrop as well as self-help initiatives bearing fruit. Cash generation is also much improved, driving net debt down to just £0.93m ex leases liabilities (£2.42m 1H23). Management’s focus on developing the group’s commercial capabilities is paying off with some major contract wins (LTV +£13m, c.£2m ....

27 Jun 2024
Good strategic progress; short-term challenges ahead

Sign up to access
Get access to our full offering from over 30 providers
Get access to our full offering from over 30 providers
Good strategic progress; short-term challenges ahead
Autins Group Plc (AUTG:LON) | 7.0 0 0.0% | Mkt Cap: 3.82m
- Published:
27 Jun 2024 -
Author:
Caroline de La Soujeole -
Pages:
3 -
Headline numbers are moving in the right direction with 1H24 sales up 7.5% to £11.7m and adj. EBITDA more than doubling, from £0.36m to £0.81m. This reflects both a more supportive automotive market backdrop as well as self-help initiatives bearing fruit. Cash generation is also much improved, driving net debt down to just £0.93m ex leases liabilities (£2.42m 1H23). Management’s focus on developing the group’s commercial capabilities is paying off with some major contract wins (LTV +£13m, c.£2m ....