Avingtrans ( (GB:AVG) ) just unveiled an announcement.
Avingtrans PLC reported a strong financial performance for the six months ending November 30, 2024, with a 21.2% increase in group revenue to £79.0m and an 18.7% rise in adjusted EBITDA to £8.7m. The Advanced Engineering Systems division drove this growth, benefiting from global energy demand and infrastructure expansion. The Medical and Industrial Imaging division also showed progress, with initial sales of Adaptix products and expansion plans for Magnetica. The company remains optimistic about meeting its full-year targets, supported by a robust order book and strategic investments in key divisions.
More about Avingtrans
Avingtrans PLC is an international engineering group that designs, manufactures, and supplies original equipment, systems, and associated aftermarket services to the energy, medical, and industrial sectors. The company operates through various business units including Hayward Tyler, Energy Steel, Stainless Metalcraft, Booth Industries, Ormandy Group, Composite Products, Adaptix, and Magnetica, each specializing in different areas such as performance-critical motors and pumps, custom fabrications for the nuclear industry, safety-critical equipment, and advanced imaging technologies.
YTD Price Performance: -6.67%
Average Trading Volume: 25,544
Technical Sentiment Consensus Rating: Buy
Current Market Cap: £115.8M
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