Hargreaves has delivered yet more upgrades this morning, driven by the continued strong performance of German JV, HRMS. As indicated in March (and previous updates), the business is capitalising on the strength of commodity prices, specifically pig iron and zinc. With only one month of the current financial year remaining, HRMS has sufficient visibility to underpin a £5m increase to profit expectations (FY22 +20% at Group level). With an ongoing benefit expected in Q1’23, profit guidance for nex ....
03 May 2022
Favourable conditions prompt yet more upgrades
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Favourable conditions prompt yet more upgrades
Hargreaves Services plc (HSP:LON) | 497 0 0.0% | Mkt Cap: 163.0m
- Published:
03 May 2022 -
Author:
James Tetley -
Pages:
3
Hargreaves has delivered yet more upgrades this morning, driven by the continued strong performance of German JV, HRMS. As indicated in March (and previous updates), the business is capitalising on the strength of commodity prices, specifically pig iron and zinc. With only one month of the current financial year remaining, HRMS has sufficient visibility to underpin a £5m increase to profit expectations (FY22 +20% at Group level). With an ongoing benefit expected in Q1’23, profit guidance for nex ....