Trading Update and Notice of Results
Summary by AI BETAClose X
21 January 2026
Avingtrans plc
("Avingtrans", the "Company", or the "Group")
Trading Update and Notice of Results
Avingtrans plc (AIM: AVG), which designs, manufactures and supplies critical components, modules, systems and associated services to the energy, medical and industrial sectors, announces that trading in the first six months of the financial year to 30 November 2025 was in line with management expectations.
CEO, Steve McQuillan commented: "We are pleased to note the positive momentum continuing across the Group, particularly for those group businesses that are supplying products into AI and Data Centre driven markets, as well as the associated resurgence in nuclear power, albeit that the main growth effects of these tailwinds will not be seen until FY27 and beyond. The recently announced tie-up between TerraPower and Meta is exciting for next generation nuclear prospects.
"We are also delighted to welcome Stuart Gall as CEO of the Medical and Industrial Imaging division earlier than expected. Stuart's appointment provides us with a seasoned head to look afresh at the strategies and development plans for Adaptix and Magnetica, as we seek to bring innovative medical imaging at the point of care to global markets.
"We remain confident in our ability to meet market expectations for FY26 and this reflects our ongoing commitment to delivering value and achieving our strategic objectives. The opportunity pipeline remains buoyant and the Group is in positive discussions with a number of new and existing customers regarding contracts that are likely to commence in FY27."
Notice of Results
Avingtrans will publish its results for the six months ended 30 November 2025 on 25 February 2026, at which time it will provide a further performance update.
The Company's management will be hosting a virtual presentation for analysts on the day of results at 9.30 a.m. BST. Those who wish to attend the briefing should register their interest with Zach Cohen at zach.cohen@investor-focus.co.uk.
Enquiries:
|
Avingtrans plc |
01354 692 391 |
|
Roger McDowell, Chairman Steve McQuillan, Chief Executive Officer Stephen King, Chief Financial Officer
|
|
|
Singer Capital Markets (Nominated Adviser and Broker) |
020 7496 3000 |
|
Sara Hale Alex Bond |
|
|
IFC Advisory (Financial PR) |
020 3934 6630 |
|
Graham Herring Tim Metcalfe Zach Cohen |
|
About Avingtrans plc:
Avingtrans designs, manufactures and supplies original equipment, systems and associated aftermarket services to the energy, medical and industrial markets worldwide.
Business units
|
Hayward Tyler - Luton, East Kilbride UK, USA, China and India Specialises in the design, manufacture and servicing of performance-critical motors and pumps for challenging environments. Energy Steel, Inc - Rochester Hills, Michigan, USA Provider of custom fabrications for the nuclear industry, specialising in: OEM parts obsolescence; custom fabrications; engineering design solutions; product refurbishment; on-site technical support. Stainless Metalcraft Ltd - Chatteris, UK Provider of safety-critical equipment for the energy, medical, science and research communities, worldwide, specialising in precision pressure and vacuum vessels and associated fabrications, sub-assemblies and systems. Booth Industries - Bolton, UK Designs, manufactures, installs and services doors and walls which can be tailored to be: blast and explosion proof; fireproof; acoustically shielded; high security/safety; or combinations of the above. Ormandy Group - Bradford, UK Design, manufacturers and servicing of off-site plant, heat exchangers and other HVAC (heating, ventilation and air conditioning) products. Slack & Parr - Kegworth, UK, USA & China Design, manufacture and servicing of high-precision gear metering pumps, hydraulics flow dividers and industrial pumps. Composite Products Ltd - Buckingham, UK Centre for composite technology, parts and assemblies, serving customers in industrial markets. Adaptix Ltd - Oxford, UK Adaptix has developed novel 3D X-ray for Orthopaedic and Veterinary applications amongst others. Commercialisation of this system (and others) is on-going. Magnetica Ltd - Brisbane, Australia Magnetica Limited specialises in the development of next generation MRI technologies, including dedicated extremity MRI systems and MRI system components. Magnetica has successfully built and tested a compact, integrated 3 Tesla orthopaedic MRI system, demonstrating clinical-quality imaging. Commercialisation of this system (and others) is on-going. Magnetica's structure now includes two other business units: Scientific Magnetics - Abingdon, UK Designs and manufactures superconducting magnet systems and associated cryogenics for a variety of markets including MRI and provides services for Nuclear Magnetic Resonance instruments. Tecmag Inc - Houston, USA Designs, manufactures and installs instrumentation, including consoles, system upgrades, and probes, mainly for Magnetic Resonance Imaging (MRI) and Nuclear Magnetic Resonance (NMR) systems. |
RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.
Latest directors dealings
- 1 hour ago Tertiary Minerals
- 1 hour ago Hargreaves Services
- 14 hours ago ASOS
- 14 hours ago MJ Gleeson
- 14 hours ago Rolls-Royce Holdings