Autins has given a reassuring AGM update, confirming trading in line with expectations. This is despite the weaker automotive market backdrop and reduced short term demand from some of its key customers, and reflects prompt action from the new CEO to reduce costs at the beginning of the year. Management sees significant growth opportunities for its differentiated, high performance insulation material, Neptune, and is focused on diversifying the group’s customer base. We do not anticipate making ....
29 Mar 2019
AGM update reiterating expectations
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AGM update reiterating expectations
Autins Group Plc (AUTG:LON) | 11.0 0 0.0% | Mkt Cap: 6.01m
- Published:
29 Mar 2019 -
Author:
Richard Hickinbotham -
Pages:
3
Autins has given a reassuring AGM update, confirming trading in line with expectations. This is despite the weaker automotive market backdrop and reduced short term demand from some of its key customers, and reflects prompt action from the new CEO to reduce costs at the beginning of the year. Management sees significant growth opportunities for its differentiated, high performance insulation material, Neptune, and is focused on diversifying the group’s customer base. We do not anticipate making ....