Acal (ACL) delivered a pleasing trading update for the six months to the end of September with “good levels of organic growth”, particularly during the second quarter, which should eventually give way to full-year earnings ahead of expectations for the customised electronics supplier.
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Overall group revenue of £190m was 15 per cent up on the comparable period in 2016 at constant currencies. Organic sales in the design and manufacturing business (57 per cent of the group total) increased by 11 per cent, while sales at custom distribution grew by 7 per cent. Management confirmed that the gross margin stabilised during the first half and was in line with the final quarter of 2016.
