Avingtrans (GB:AVG) has released an update.
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Avingtrans PLC reports a robust financial year with a 17.3% increase in revenue, reaching £136.6m, and a stable gross margin of 32.2%. Despite strategic investments in Adaptix and Magnetica, the company’s adjusted EBITDA exceeded market expectations, and a final dividend of 2.9p per share is proposed. The company’s acquisitions and organic growth in the energy, medical, and industrial sectors have positioned it for a strong performance in the upcoming financial year.
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