Published on: July 16, 2013
Strong First Half
Amino has delivered a strong H1 result, with margin progression a major highlight. On flat revenues, the group has grown gross margin by over £2m y/y, much of which made its way to the bottom line. With operational improvement now evident, and with market trends moving towards Amino product strengths, the group is continuing to demonstrate real progress. We make no changes to our forecasts at this time (other than to remove our notional tax charge), but the H1 result is ahead of our expectations and better than we had expected following the trading update. We therefore believe that our forecasts for FY13 are significantly de-risked.