Autins Group plc (GB:AUTG) has released an update.
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Autins Group plc, a UK-based manufacturer of acoustic and thermal insulation solutions, reported a 17.3% revenue decrease to £9.79m for the six months ended September 2024, amid challenges in the automotive sector. Despite a loss after tax of £0.79m and a decline in operating cash flow, the company has secured new contracts in Germany and the UK worth over £7.5m, highlighting the demand for its Neptune products. Autins remains focused on cost management and market expansion, with optimism for future growth as automotive markets show signs of improvement.
For further insights into GB:AUTG stock, check out TipRanks’ Stock Analysis page.
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