Avingtrans expects adjusted earnings to beat market expectations
Avingtrans PLC on Wednesday said it anticipates annual adjusted earnings for its financial year to be higher than market expectations, citing its Advanced Engineering Systems division.
The Cambridgeshire, England-based designer and supplier of components and services to the energy, medical and industrial sectors said it expects to beat the market consensus for annual adjusted earnings before interest, tax, depreciation and amortisation of £15.1 million.
For financial 2024 ended May 31, the company had reported adjusted Ebitda from continuing operations of £14.0 million, up 2.2% from £13.7 million in financial 2023.
The company said in financial 2025, it was boosted by better than anticipated performance within the Advanced Engineering Systems division.
Further, Avingtrans expects revenue in financial 2025 to be in line with market expectations of £161.0 million, up 18% from £136.6 million in financial 2024, when it had grown 17% from £116.4 million.
The company intends to publish a more detailed trading update in mid-June.
Avingtrans shares rose 5.0% to 420.00 pence each on Wednesday morning in London.
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