Autins return to a small EBITDA profit in Q1 FY23 is the direct result of managements success in driving through restructuring actions and operational efficiencies alongside the building effect of some material price increases. These actions, mostly impacting after the year end, have already delivered over £2.5m of annualised benefit and a 7% improvement in gross margin. More is targeted and expected by management, placing the Group in a much stronger position to benefit from a market recovery a ....

17 Feb 2023
Significantly strengthened position

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Significantly strengthened position
Autins Group Plc (AUTG:LON) | 7.0 0 0.0% | Mkt Cap: 3.82m
- Published:
17 Feb 2023 -
Author:
Singer CM Team -
Pages:
4 -
Autins return to a small EBITDA profit in Q1 FY23 is the direct result of managements success in driving through restructuring actions and operational efficiencies alongside the building effect of some material price increases. These actions, mostly impacting after the year end, have already delivered over £2.5m of annualised benefit and a 7% improvement in gross margin. More is targeted and expected by management, placing the Group in a much stronger position to benefit from a market recovery a ....