Machine tools supplier 600 Group says new product launches helped second half revenues to grow.
The company is gaining market share. There was an 8.5% decline in the machine tools market during 2013. Industry forecasts suggest a sharp recovery in the market in 2014, with double digit growth.
The laser marking business has been the best performer in the fourth quarter. finnCap forecasts a profit of £1.9m for the year to March 2014.
The company ended bid talks with Qingdao D&D Investment Group Co. Ltd during February.
At 17.25p a share, up 1.25p, 600 Group The shares are trading on less than ten times 2013-14 earnings, declining to less than nine in 2014-15.
Download the latest AIM Journal from http://wwww.hubinvest.com/AIMPDFMarch2014_54.pdf
© 2022 Aim Micro. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.