Autins Group (AUTG)

  • Change Today:
  • 52 Week High: 12.50
  • 52 Week Low: 8.00
  • Currency: UK Pounds
  • Shares Issued: 54.60m
  • Volume: 0
  • Market Cap: £6.01m

Autins FY sales grow, earnings turn positive

By Iain Gilbert

Date: Friday 20 Oct 2023

LONDON (ShareCast) - (Sharecast News) - Insulation solutions group Autins said on Friday that annual sales and profits had improved, pushing underlying earnings back into the black and leaving it in a "positive position" to engage with lending partners.
Updating on trading, Autins said group sales increased 20% in the year to 30 September, to £22.5m, with sales continuing to gain momentum in the second half, increasing by 7.5% to £11.7m.

Gross profits improved roughly 55% to £6.5m, driven by an increase in revenues and "a strong recovery" in gross margins of 6.5 percentage points to 28.9%.

The AIM-listed group also said it had continued to "successfully control overheads", and underlying earnings were now expected to come in at £1.0m, compared to a loss last year of £1.1m.

Autins noted that the improved trading performance and stability of its net debt, to £1.8m from £2.0m, would put it in a positive position when engaging with lending partners regarding covenants for March 2024 onwards.

It also expects a continued recovery in the automotive market, which should led to further growth in sales and EBITDA in the current financial year.

As of 1050 BST, Autins shares were down 4.35% at 11.0p.

Reporting by Iain Gilbert at

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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.


Autins Group Market Data

Currency UK Pounds
Share Price 11.00p
Change Today 0.000p
% Change 0.00 %
52 Week High 12.50
52 Week Low 8.00
Volume 0
Shares Issued 54.60m
Market Cap £6.01m

Autins Group Star Ratings

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Autins Group Dividends

  Latest Previous
  Interim Final
Ex-Div 12-Jul-18 18-Jan-18
Paid 03-Aug-18 16-Feb-18
Amount 0.40p 0.80p

Trades for --2024

Time Volume / Share Price
0 @ 0.000p

Autins Group Key Personnel

CFO Kamran Munir
CEO Andrew ('Andy') Bloomer

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