30th Jun 2021 13:49
Autins Group PLC - Warwickshire-based supplier of acoustic and thermal management technology for the automotive industry - Pretax loss narrows to GBP20,000 in the six months that ended March 31, from GBP567,000 a year before. First half revenue rises 3.7% to GBP13.7 million from GBP13.2 million. Not proposing an interim dividend, due to continued economic uncertainty.
Chief Executive Gareth Kaminski-Cook says: "During Q2 and Q3, our sales have been significantly impacted by the well-publicised semi-conductor supply issues. However, the strong underlying demand for cars and reassuring statements from semi-conductor manufacturers that they will begin to meet automotive demand during the summer suggests that we should start to see a recovery later this calendar year."
Adds: "We remain positive on the outlook for the medium to long term."
Current stock price: 21.00 pence
Year-to-date change: up 17%
By Scarlett Butler; [email protected]
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