CT Automotive - Revving Up

Yesterday’s Trading Statement from CT Automotive throws up some strong guidance of a recovering business, making its shares an attractive proposition.

Before the end of April this year, we should be able to see the Final Results for the year to end-December 2024 for CT Automotive (LON:CTA) – they will not look too clever, even so its shares could well show a gain in price from last night’s close of 33.5p.

The Business

This Portsmouth-based group is engaged in the design, development and manufacture of bespoke automotive interior finishes, such as dashboard panels and fascia finishes, as well as kinematic assemblies like air registers, arm rests, deployable cup holders and storage systems.

Its tailoring and trim department caters for and provides wrapped trim panels, shifter assemblies and lid consoles.

It specialises in 2k tooling manufacture and production supply of cabin comfort system components, including a broad range of heating, ventilation, and air conditioning doors and assemblies.