Autins has issued a trading update highlighting the impact of challenging conditions in the automotive industry. Whilst full year revenues are expected to be broadly in-line with market expectations, the Group has not yet been able to fully capture the expected benefits of its cost control measures and planned operational improvements against this backdrop. As such, management now anticipate that EBITDA will be closer to breakeven for FY2019E, which compares to our prior EBITDA expectation of £1 ....
06 Jun 2019
Challenging trading conditions
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Challenging trading conditions
Autins Group Plc (AUTG:LON) | 11.0 0 0.0% | Mkt Cap: 6.01m
- Published:
06 Jun 2019 -
Author:
Richard Hickinbotham -
Pages:
3
Autins has issued a trading update highlighting the impact of challenging conditions in the automotive industry. Whilst full year revenues are expected to be broadly in-line with market expectations, the Group has not yet been able to fully capture the expected benefits of its cost control measures and planned operational improvements against this backdrop. As such, management now anticipate that EBITDA will be closer to breakeven for FY2019E, which compares to our prior EBITDA expectation of £1 ....