LONDON (ShareCast) - (ShareCast News) - Investors in acoustic and thermal automotive insulation supplier Autins Group were gathering in Birmingham on Friday for the company's annual general meeting.
The AIM-traded company's chairman, Adam Attwood, was set to tell them that the firm had continued to "invest for growth" in 2017.

"We continue to seek approvals and commercial volumes for our Neptune product and to build on the progress made in 2016.

"Our strategic plans are designed to deliver sustainable growth through product and process innovation whilst delivering geographical, sector and customer base diversification."

In the near term, Attwood believed the profile of the company's results would be significantly weighted to the second half of the year and were dependent on successful deliveries of Neptune product into the market.

"We expect solid growth for the full year, however, as already announced on 7 March, this will fall significantly short of previously anticipated levels due to the timing and rate of growth in our automotive business not being as strong as we had expected.

"The board remains confident of the importance of our diversification strategy and we are committed to realising the full potential of the Autins Group."

Autins Group will release interim results for the six months ending 31 March in June.

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