Published on: June 6, 2017
Solid H1 2017, on track for the full year
Amino has this morning published a positive trading update for the six months to 31 May 2017. Trading in the first half “was at record levels” and this was accompanied with strong margins and an impressive cash generation – the net cash position improved by £6.9m versus the closing FY 2016A figure. Although changes in the product mix are expected to impact margins in the second half, we note management commentary that the business is on track to meet their FY 2017E expectations. We therefore leave forecasts unchanged following the announcement.
