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Autins Group PLC on Tuesday said it returned to net profit for the first time since 2017, as margin expansion and new contract wins supported a turnaround despite lower revenue. The Rugby, Warwickshire-based maker of acoustic and thermal insulation solutions reported a net profit of £170,000 for the year ended March 31, swinging from a £1.2 million loss a year prior. Earnings per share came in at 0.3 pence, compared to a loss per share of 2.2p. Earnings before interest, tax, depreciation and amortisation rose 71% to £2.4 million from £1.4 million, representing 14% of sales, while gross margin widened by 430 basis points to 36% from 32%. Gross profit increased to £6.4 million from £6.2 million, though revenue declined to £17.6 million from £19.3 million, reflecting disruption caused by a cyber-attack at its largest UK customer and delays in tooling sales. Autins said underlying demand and order intake remained strong, with performance improving in the second half as operational efficiencies took hold under its ’Survive and Thrive’ strategy. The group secured significant new business during the year, including £12.0 million of contracts in the UK and €4.3 million in Germany, providing enhanced multi-year revenue visibility and supporting future growth. Looking ahead, Autins guided for financial revenue of £22 million against market expectations of £24 million, and Ebitda of £3.1 million, in line with market expectations, while forecasting profit after tax of £800,000, ahead of consensus. For financial 2028, it expects revenue of £26 million and Ebitda of £3.8 million, also above market forecasts, with profit after tax seen at £1.4 million. Net debt at year-end stood at approximately £1.6 million, up from £1.1 million a year before, reflecting working capital impacts from the cyber incident. The company said debt is expected to fall as new contracts ramp up and profitability improves. Chief Executive Andy Bloomer said the results marked ‘a fantastic achievement’ and signalled the start of a profitable growth phase. ‘Despite the existing and new headwinds in the automotive industry and wider economic climate, the outlook for Autins is positive,’ he added. Autins expects to publish its full-year results around the end of June. Shares in the company were down 5.9% at 8.00 pence in London on Tuesday morning. Copyright 2026 Alliance News Ltd. All Rights Reserved.
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