AEA Technology (AAT): Trading in line and net debt better than expected
Trading continues to be in line with the Board’s expectations with the positive cash performance supported by an improvement in the US as a result of actions taken to reduce working capital. Year-end net debt levels are expected to be slightly better than market expectations.
AEA continues to bid on a good pipeline of opportunities in the US and this is expected to convert into strong growth during 2011/12.
In Europe the business…
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