Interim results were in line and at a stable level with H2 2020, with signs of a recovery starting in the oil & gas sector. We note a markedly more upbeat tone to the announcement, particularly with regard to progress being made in new projects. Two new projects have been identified with a leading EV OEM and a major gas turbine manufacturer. Both are progressing at a rapid pace and could significantly increase revenue expectations from FY22 onwards. We leave our forecasts and price target unchan ....
18 May 2021
Hardide - In line results – recovery and huge new projects pending
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Hardide - In line results – recovery and huge new projects pending
Hardide plc (HDD:LON) | 6.2 0 0.0% | Mkt Cap: 4.90m
- Published:
18 May 2021 -
Author:
David Buxton -
Pages:
5
Interim results were in line and at a stable level with H2 2020, with signs of a recovery starting in the oil & gas sector. We note a markedly more upbeat tone to the announcement, particularly with regard to progress being made in new projects. Two new projects have been identified with a leading EV OEM and a major gas turbine manufacturer. Both are progressing at a rapid pace and could significantly increase revenue expectations from FY22 onwards. We leave our forecasts and price target unchan ....