Autins has reported 9% growth in sales and flat EBITDA for the year to Sep’21 despite substantial impacts from Covid and semiconductor shortages on automotive customer volumes. Sales of Neptune and Flooring insulation nevertheless grew by 64% and 161%, and German sales grew 69%. Management also delivered an underlying 0.4% improvement in gross margin following actions to contain costs and improve efficiencies. AUTG is highly leveraged to the automotive market recovery, which is expected during H ....
25 Jan 2022
Highly leveraged to automotive market recovery
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Highly leveraged to automotive market recovery
Autins Group Plc (AUTG:LON) | 11.0 0 0.0% | Mkt Cap: 6.01m
- Published:
25 Jan 2022 -
Author:
N+1 Singer Team | Richard Hickinbotham -
Pages:
3
Autins has reported 9% growth in sales and flat EBITDA for the year to Sep’21 despite substantial impacts from Covid and semiconductor shortages on automotive customer volumes. Sales of Neptune and Flooring insulation nevertheless grew by 64% and 161%, and German sales grew 69%. Management also delivered an underlying 0.4% improvement in gross margin following actions to contain costs and improve efficiencies. AUTG is highly leveraged to the automotive market recovery, which is expected during H ....