Interim results are in line with expectations. Despite a very challenging automotive market backdrop the Group is seeing positive momentum with first half sales ahead sequentially. Management expect to deliver improving margins through a focus on cost control and operational efficiencies and to drive growth through the conversion of a strong and growing sales pipeline. In this regard, Neptune volumes are continuing to build strongly with new business worth £2.5m p.a. won in the first half.
26 Jun 2019
Good progress masked by challenging auto sector
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Good progress masked by challenging auto sector
Autins Group Plc (AUTG:LON) | 9.0 0 0.0% | Mkt Cap: 4.91m
- Published:
26 Jun 2019 -
Author:
Richard Hickinbotham -
Pages:
3
Interim results are in line with expectations. Despite a very challenging automotive market backdrop the Group is seeing positive momentum with first half sales ahead sequentially. Management expect to deliver improving margins through a focus on cost control and operational efficiencies and to drive growth through the conversion of a strong and growing sales pipeline. In this regard, Neptune volumes are continuing to build strongly with new business worth £2.5m p.a. won in the first half.