Trading Update
28/05/2025 07:00
RNS Number : 2891K
Avingtrans PLC
28 May 2025
28 May 2025
Avingtrans plc
("Avingtrans", the "Company", or the "Group")
Trading Update
Avingtrans PLC (AIM: AVG), which designs, manufactures and supplies critical components, modules, systems and associated services to the energy, medical and industrial sectors, is pleased to announce an update on current trading ahead of conclusion of the financial year ending 31 May 2025 ("FY25").
Based on unaudited management accounts for FY25, the Company now expects to report Adj. EBITDA¹ ahead of market expectations², driven by better than anticipated performance within the Advanced Engineering Systems ("AES") division. Revenues are expected to be in-line2.
The Company intends to provide a more detailed update on current performance by way of a trading update to be published in mid June 2025.
¹Adjusted to add back amortisation of intangibles from business combinations, acquisition costs and exceptional items and discontinued operations.
² Prior to today's announcement, the Company understands that market expectations for FY25 were Revenues of £161.0m and
Adj. EBITDA of £15.1m.
Enquiries:
| Avingtrans plc | 01354 692 391 |
| Roger McDowell, Chairman Steve McQuillan, Chief Executive Officer Stephen King, Chief Financial Officer | |
| Singer Capital Markets (Nominated Adviser and Broker) | 020 7496 3000 |
| Alex Bond Oliver Platts | |
| IFC Advisory (Financial PR) | 020 3934 6630 |
| Graham Herring Tim Metcalfe Zach Cohen |
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