Avingtrans (LON:AVG) - Record year, but further opportunity
Sep 18th 2012 - Edison Investment Research today published a report on Avingtrans (AVG.L, LSE:AVG, LON:AVG) entitled "Record Year, But Further Opportunity". In summary, the report says:
Avingtrans’ full-year results have demonstrated the progress being made by the group both in terms of ongoing organic growth and the benefits of the acquisition of Sigma Composites. With Aerospace setting the trend, Industrial growth supported by a strong backlog and Energy and Medical set for future ramp-ups that have yet to fully begin, we continue to see Avingtrans as benefitting from its exposure to global original equipment manufacturers (OEMs). While complacency is not an option, we believe the structural developments throughout supply chains are supporting this global supplier and, with the Chinese operations making a full-year profit, we feel there remains significant upside potential.
Edison Investment Research is a leading international investment research company. It has won industry recognition, with awards both in the UK and internationally. The team of 95 includes over 60 analysts supported by a department of supervisory analysts, editors and assistants. Edison writes on more than 400 companies across every sector and works directly with corporates, fund managers, investment banks, brokers and other advisers. Edison’s research is read by institutional investors, alternative funds and wealth managers in more than 100 countries. Edison, founded in 2003, has offices in London, New York and Sydney and is authorised and regulated by the Financial Services Authority (www.fsa.gov.uk/register/firmBasicDetails.do?sid=181584). more »
