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Avingtrans PLC issued a trading update on 28 May 2025 for its financial year ending 31 May 2025. Based on unaudited management accounts, the Company expects to report Adj. EBITDA ahead of the prior market expectation of £15.1m, and revenues in-line with the prior market expectation of £161.0m. This anticipated Adj. EBITDA performance is attributed to its Advanced Engineering Systems division.
| Date | 28 May 2025 |
| Time | 07:00:03 |
| Category | Trading updates |
| ID | 2891K |
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:
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Avingtrans plc |
01354 692 391 |
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Roger McDowell, Chairman Steve McQuillan, Chief Executive Officer Stephen King, Chief Financial Officer
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Singer Capital Markets (Nominated Adviser and Broker) |
020 7496 3000 |
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Alex Bond Oliver Platts |
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IFC Advisory (Financial PR) |
020 3934 6630 |
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Graham Herring Tim Metcalfe Zach Cohen |
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About Avingtrans plc:
Avingtrans designs, manufactures and supplies original equipment, systems and associated aftermarket services to the energy, medical and industrial markets worldwide.
Business units
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Hayward Tyler - Luton, East Kilbride & Nottingham, UK, USA, China and India
Specialises in the design, manufacture and servicing of performance-critical motors and pumps for challenging environments.
Energy Steel, Inc - Rochester Hills, Michigan, USA
Provider of custom fabrications for the nuclear industry, specialising in: OEM parts obsolescence; custom fabrications; engineering design solutions; product refurbishment; on-site technical support.
Stainless Metalcraft Ltd - Chatteris, UK
Provider of safety-critical equipment for the energy, medical, science and research communities, worldwide, specialising in precision pressure and vacuum vessels and associated fabrications, sub-assemblies and systems.
Booth Industries - Bolton, UK
Designs, manufactures, installs and services doors and walls which can be tailored to be: blast and explosion proof; fireproof; acoustically shielded; high security/safety; or combinations of the above.
Ormandy Group - Bradford, UK
Design, manufacturers and servicing of off-site plant, heat exchangers and other HVAC (heating, ventilation and air conditioning) products.
Composite Products Ltd - Buckingham, UK
Centre for composite technology, parts and assemblies, serving customers in industrial markets.
Adaptix Ltd - Oxford, UK
Adaptix has developed novel 3D X-ray for Orthopaedic and Veterinary applications amongst others. Commercialisation of this system (and others) is on-going.
Magnetica Ltd - Brisbane, Australia
Magnetica Limited specialises in the development of next generation MRI technologies, including dedicated extremity MRI systems and MRI system components. Magnetica has successfully built and tested a compact, integrated 3 Tesla orthopaedic MRI system, demonstrating clinical-quality imaging. Commercialisation of this system (and others) is on-going. Magnetica's structure now includes two other business units:
Scientific Magnetics - Abingdon, UK
Designs and manufactures superconducting magnet systems and associated cryogenics for a variety of markets including MRI and provides services for Nuclear Magnetic Resonance instruments.
Tecmag Inc - Houston, USA
Designs, manufactures and installs instrumentation, including consoles, system upgrades, and probes, mainly for Magnetic Resonance Imaging (MRI) and Nuclear Magnetic Resonance (NMR) systems. |