Published on: November 25, 2013

Trading Update

Amino has published a trading update for the year to November 2013, highlighting that although various factors have conspired to impact revenue, the bottom-line profit figure and net cash are both strong and in line with expectations. The revenue shortfall was driven by a change in mix, towards lower specification, lower cost products but which still deliver good margins. This shift is likely to be repeated next year, but once again profit and cash expectations are unchanged. The group states that a combination of focus on gross margin and cost control have ensured achievement of the profit and cash objectives. We would expect new product launches during 2014 to drive a return to revenue growth in 2015 and beyond.