Avingtrans trading in line in first half
By Josh White
Date: Wednesday 21 Jan 2026
(Sharecast News) - Avingtrans said in an update on Wednesday that trading in the first half of its financial year was in line with management expectations, as it pointed to continued positive momentum across the group and growing exposure to structurally attractive markets linked to AI, data centres and nuclear power.
The AIM-traded engineering group said performance for the six months ended 30 November reflected steady progress across its portfolio, with particular strength in businesses supplying products into AI- and data centre-driven markets.
It added that renewed momentum in nuclear power was also supportive, although it expected the main growth benefits from the tailwinds to emerge in 2027 and beyond.
Chief executive Steve McQuillan said the recently announced tie-up between TerraPower and Meta was "exciting for next generation nuclear prospects".
McQuillan also highlighted management changes within the group, confirming that Stuart Gall had joined earlier than expected as chief executive of the medical and industrial imaging division.
He said Gall's appointment brought experienced leadership to review strategy and development plans for Adaptix and Magnetica, as Avingtrans looked to expand the reach of its point-of-care medical imaging technologies into global markets.
Looking ahead, Avingtrans said it remained confident of meeting market expectations for the 2026 financial year, underpinned by a buoyant opportunity pipeline and ongoing discussions with both new and existing customers.
The group said a number of those potential contracts were expected to start in the 2027 period, supporting its longer-term growth outlook.
Avingtrans said it would publish its interim results for the six months ended 30 November on 25 February, when it would provide a further update on performance.
At 1221 GMT, shares in Avingtrans were down 0.93% at 535p.
Reporting by Josh White for Sharecast.com.
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