AGM Trading Update
First five months FY27 revenues £8.0m, up from £7.7m but impacted by raw material and transport costs
vs expectations: in line
- Revenues (5 months to 31 August 2026) £8.0m (prior £7.7m)
- Market forecast FY27 revenue £21.8m
- Market forecast FY27 profit after tax £0.8m
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Autins Group plc (AIM: AUTG), the UK and European automotive acoustic and thermal insulation specialist, announces a trading update in advance of its 2026 Annual General Meeting being held later today.
Since the release of the Company's Final Results for the year ended 31 March 2026 in June 2026, the Group has continued to be awarded new business in all regions, with particular success in Germany. These new contracts are expected to begin contributing to Group revenues in FY28 and beyond.
In the first five months of the financial year ending 31 March 2027, the Group has recorded revenues of £8.0m (vs £7.7m in the equivalent period in FY26), albeit overall trading performance during the period has been impacted primarily by increased raw material and transport costs as a consequence of the Iran conflict. The Group continues to monitor its cost base closely and has implemented a cost savings programme with benefits expected to build through the remainder of the financial year.
As previously stated in our results statement of 29 June 2026, the Group’s performance will be weighted towards the second half of the year as new projects begin to enter production and the impact of the aforementioned cost-saving measures take effect.
Trading for the full year therefore remains in line with market expectations1. The Company looks forward to updating shareholders at its interim results for the six months ending 30 September 2026 to be announced in December 2026.
Andy Bloomer, Chief Executive Officer, said:
“Our European businesses continue to outperform, gaining significant traction with multiple car makers, despite the continued headwinds faced by the automotive industry.
In the UK, production of our proprietary Neptune material is at record levels, helping to offset the impact of lower UK vehicle production volumes. The wider UK manufacturing environment remains challenging, with increased energy, labour and input costs putting pressure on margins.
We are taking prudent action to manage these cost pressures while continuing to invest in the opportunities that will drive future growth.”
1The Company understands market forecasts for FY27 to be revenue of £21.8 million and a profit after tax of £0.8 million.
Cleaned text: letterheads, contacts and legal notices removed. View the original announcement ↗ · Company filings. Not investment advice.