Avingtrans (GB:AVG) has released an update.
Invest with Confidence:
- Follow TipRanks' Top Wall Street Analysts to uncover their success rate and average return.
- Join thousands of data-driven investors – Build your Smart Portfolio for personalized insights.
Avingtrans PLC has announced record revenue and an Adjusted EBITDA that surpasses market expectations for the fiscal year ending May 31, 2024, due to strong performance across its divisions, particularly in its Advanced Engineering Systems Division with successful integrations and robust sales. The Medical & Industrial Imaging Division is making headway with promising new 3D X-ray and MRI technologies, despite some delays in commercialization and regulatory approval. The company, buoyed by these results and reduced net debt, is optimistic about the coming year and will provide a detailed update in its forthcoming audited results on September 25, 2024.
For further insights into GB:AVG stock, check out TipRanks’ Stock Analysis page.
