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.
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