Avingtrans Full Year 2024 Earnings: EPS Beats Expectations

Avingtrans (LON:AVG) Full Year 2024 Results

Key Financial Results

• Revenue: UK£136.6m (up 17% from FY 2023).
• Net income: UK£3.66m (down 42% from FY 2023).
• Profit margin: 2.7% (down from 5.5% in FY 2023). The decrease in margin was driven by higher expenses.
• EPS: UK£0.11 (down from UK£0.20 in FY 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

Avingtrans EPS Beats Expectations

Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 2.8%.

Looking ahead, revenue is forecast to grow 15% p.a. on average during the next 2 years, compared to a 4.9% growth forecast for the Machinery industry in the United Kingdom.

Performance of the British Machinery industry.

The company's shares are up 7.6% from a week ago.

Risk Analysis

Before we wrap up, we've discovered 1 warning sign for Avingtrans that you should be aware of.

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