Autins reports first annual profit since 2017

(Sharecast News) - Autins Group reported its first annual profit since 2017 on Monday, with revenue of £17.6m for the year ended 31 March and adjusted EBITDA rising to £2.4m, while gross margin before non-underlying items improved to 36.2% from 32.1% on the comparable 12-month basis. The AIM-traded automotive acoustic and thermal insulation specialist said it secured £15m of new business awards during the year, continued to grow in continental Europe, and limited the impact of a cyber-attack on its largest customer through a more diversified customer base and improved financial flexibility.

Autins said it was now moving into the 'Thrive' stage of its growth plan, guiding to FY27 revenue of £22m and profit after tax of £0.8m, rising to £26m and £1.4m in FY28, and £27m and £1.9m in FY29.

At 1155 BST, shares in Autins Group were down 10.34% at 13p.

Reporting by Josh White for Sharecast.com.

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