Full-year results were in line with expectations, with a significantly better H2 benefitting from better order flow from oil & gas customers and growth in other market sectors. The relocation of UK facilities is on track and there have been significant steps forwards in Aerospace, with both Airbus and Lockheed Martin awarding approval. We are reducing forecasts to reflect some additional costs ahead of anticipated increases in production.
09 Dec 2019
Hardide - FY results – commercial traction gains pace
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Hardide - FY results – commercial traction gains pace
Hardide plc (HDD:LON) | 5.8 0 0.0% | Mkt Cap: 4.51m
- Published:
09 Dec 2019 -
Author:
David Buxton -
Pages:
8
Full-year results were in line with expectations, with a significantly better H2 benefitting from better order flow from oil & gas customers and growth in other market sectors. The relocation of UK facilities is on track and there have been significant steps forwards in Aerospace, with both Airbus and Lockheed Martin awarding approval. We are reducing forecasts to reflect some additional costs ahead of anticipated increases in production.