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Armour Group

  • BY: Andrew Hore |
  • POSTED: 24/02/2014 |

Home and in-car entertainment products supplier Armour Group has continued its recovery in the first few months of the current financial year.

Armour continues to be profitable and sales are 4% ahead in the first five months of the year. The UK has been a mixed market but exports are growing to existing customers and new markets. International sales were 36% of group sales last year.

House broker finnCap forecasts an improved profit from 53,000 to 500,000 in the year to August 2014.

At 4.88p a share, up 0.13p, Armour is valued at 4.78m. The shares are trading on 12 times prospective 2013-14 earnings.

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