Shares in Avingtrans PLC (AIM:AVG) rose 5% on Wednesday after the engineering group said it expects full-year earnings to come in ahead of forecasts.
In a trading update ahead of its 31 May year-end, the engineer said adjusted EBITDA for the year is set to exceed market expectations, driven by strong performance in its Advanced Engineering Systems division.
Revenue is expected to be in line with previous forecasts of £161 million.
The AIM-listed group, which supplies components and systems to the energy, medical and industrial sectors, said a fuller trading update will follow in mid-June.
In early trading, the stock was up 18p at 418p.