Autins has issued a trading update covering the first five months of the current financial year which is noted to have been ahead of management expectations and much improved on the comparable period in FY2019. This performance reflects important cost control and operational efficiencies as well as success winning significant new business. However, the impact of COVID-19 has now seen automotive OEM plant shutdowns and management expects significantly reduced demand for its products for the foreseeable future, resulting in a material reduction in the Group’s financial performance and outturn for FY2020. Given the uncertainties we have withdrawn forecasts.