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.
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