CT Automotive Group plc

Equities

CTA

GB00BMHYGR77

Auto, Truck & Motorcycle Parts

Delayed London S.E. Other stock markets 06:49:29 2024-05-22 EDT			5-day change	1st Jan Change
67.5 ^GBX	+1.50%		+19.47%	-3.57%

05-20	CT Automotive shares soar as company reports return to profit in 2023	AN
05-20	AIM WINNERS & LOSERS: CT Automotive bounces back; Haydale falls	AN

CT Automotive raises GBP8 million, will invest in robotics

April 28, 2023 at 09:54 am

CT Automotive Group PLC - CT Automotive Group PLC - Portsmouth, England-based designer, developer and supplier of interior components to auto industry - Raises GBP7.7 million from issue of 22.7 million new shares at 34 pence each in a placing by Liberum Capital Ltd and direct subscriptions. The new shares represent 45% of total share capital prior to the raise. CT Automotive says equity raise is to strengthen the balance sheet, while "a small portion" of the fresh cash will be used to realise efficiency savings including from investing in injection moulding production systems and robotics.

Current stock price: 39.50p, down 1.3% in London on Friday

12-month change: down 76%

By Tom Waite, Alliance News editor

Comments and questions to newsroom@alliancenews.com

Latest news about CT Automotive Group plc

CT Automotive shares soar as company reports return to profit in 2023	05-20	AN
AIM WINNERS & LOSERS: CT Automotive bounces back; Haydale falls	05-20	AN
CT Automotive Group plc Reports Earnings Results for the Full Year Ended December 31, 2023	05-20	CI
CT Automotive soars as expects climb in annual revenue	01-26	AN
CT Automotive Group plc Provides Earnings Guidance for the Year Ended 31 December 2023	01-26	CI
Certain Ordinary Shares of CT Automotive Group plc are subject to a Lock-Up Agreement Ending on 24-DEC-2023.	12-23	CI
City Pub revenue up; Real Good Food talks up self-up	23-09-21	AN
Earnings Flash (CTA.L) CT AUTOMOTIVE GROUP Posts H1 Revenue $68.2M	23-09-21	MT
CT Automotive Group plc Reports Earnings Results for the Half Year Ended June 30, 2023	23-09-21	CI
Ct Automotive Group plc Appoints Geraint Davies as an Independent Non-Executive Director	23-09-18	CI
CT Automotive Group plc Appoints Geraint Davies as Independent Non-Executive Director, Effective from 18 September 2023	23-08-17	CI
CT Automotive rejigs board as chief executive steps down	23-07-13	AN
CT Automotive Group plc Announces Board Changes	23-07-13	CI
CT Automotive Group plc Announces Chief Executive Officer Changes	23-07-13	CI
CT Automotive Group plc Announces Cessation of Tracey James from the Board	23-06-19	CI
Shares firm and sterling continues to ride high	23-06-16	AN
CT Automotive shares jump as outlook improves following difficult year	23-06-16	AN
Earnings Flash (CTA.L) CT AUTOMOTIVE GROUP Posts FY22 Revenue $124.3M	23-06-16	MT
Earnings Flash (CTA.L) CT AUTOMOTIVE GROUP Posts FY22 Loss $-0.48	23-06-16	MT
CT Automotive Group plc Reports Earnings Results for the Full Year Ended December 31, 2022	23-06-16	CI
CT Automotive confident in trading performance despite inventory error	23-05-12	AN
Lookers buys Waterhouse; CT Automotive audit ongoing	23-05-04	AN
CT Automotive raises GBP8 million, will invest in robotics	23-04-28	AN
CT Automotive Group confirms Anna Brown as new CFO	23-04-28	AN
CT Automotive Appoints New CFO	23-04-28	MT

Chart CT Automotive Group plc

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Company Profile

CT Automotive Group plc is a United Kingdom-based designer, developer and supplier of interior components to the global automotive industry. The Company provides interior finishes, such as dashboard panels and fascia finishes, and kinematic assemblies, such as air registers, arm rests, deployable cup holders and storage systems, as well as their associated tooling, for automotive original equipment suppliers (OEMs) and global Tier One manufacturers. Its tailoring and trim department caters for and provides wrapped trim panels, shifter assemblies and lid consoles. It specializes in 2k tooling manufacture and production supply of cabin comfort system components, including a broad range of heating, ventilation, and air conditioning (HVAC) doors and assemblies. It supplies component part types to over 47 different models for 19 OEMs. Its key production facilities are located in Shenzhen and Ganzhou, China complemented by additional manufacturing facilities in Mexico, Turkiye and Czechia.

Sector

Auto, Truck & Motorcycle Parts

Calendar

05:30am - Q4 2023 Earnings Call

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Income Statement Evolution

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Ratings for CT Automotive Group plc

Trading Rating

Investor Rating

ESG Refinitiv

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Analysts' Consensus

Sell

Buy

Mean consensus

BUY

Number of Analysts

Last Close Price

0.8456 USD

Average target price

1.778 USD

Spread / Average Target

+110.26%

Consensus

Chiffre d''affaires - Rate of surprise

Company calendar

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