Listed manufacturer improves profit margins after cost-reduction programme

Rugby-based Autins Group, the designer, manufacturer and supplier of acoustic and thermal insulation solutions for the automotive sector, has said its full-year results for 2019 will be “in line with market expectations”.

The firm says “extensive management actions” to reduce costs and increase operational efficiency have “successfully delivered improved profit margins”.

Autins’ overseas sales are “progressing well” with production levels ramping up towards the end of FY19, which has continued in the new financial year.

Gareth Kaminski-Cook, chief executive, said: “This has been a challenging year for both the industry and the Group, but it has also been a year of repositioning, recovery and new business wins. The positive momentum is encouraging and, combined with a stronger balance sheet following the successful placing in the summer, gives cause for optimism for the year ahead.”

Autins will publish results for the year ended 30 September 2019 on 11 December.