In a trading statement Alumasc said that in the financial year ended 30 June 2013 its Building Products division had outperformed the market with its 20% revenue growth.
Its Engineering Products division had also seen some recovery in the fourth quarter, but not to the levels seen in the early part of the financial year. Alumasc Precision Components has not yet recovered to a break even run rate but Dyson Diecastings continues to trade strongly. Both businesses have recently won important new contracts that are expected to make positive contributions to next year’s results..
Group order books remain strong at £44m.
The board said: “As a result of this overall performance, underlying group profit before tax for the year will be ahead of management's previous expectations. The group's cash flow performance has also continued to be ahead of expectations, with net debt at the year-end expected to be approximately £8m.”