17 October 2014 – contract win
The specialist foundry and engineering group has announced that it has won a new contract worth €6.7m over a four year period with a major European automotive industry components and parts supplier. The contract, to supply turbo charger bearing housings, is set to start on 1 January 2015 and should generate revenues of €1.6m in its first year. We continue to rate the shares as a BUY.