The company’s trading update highlights that having seen resilient trading in its first half, Q3 has started to experience softening demand from oil & gas customers. We have reduced our forecasts for 2020 in light of the update, with a 22% forecast revenue reduction and the EBITDA loss widening from £0.3m to £0.5m. Our 2021 forecasts are conservatively flat. Good progress continues to be made in the aerospace sector, while the relocation and expansion of the Bicester fac
16 Jul 2020
Hardide - Trading update: oil sector demand softens
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Hardide - Trading update: oil sector demand softens
Hardide plc (HDD:LON) | 5.6 0 0.0% | Mkt Cap: 4.41m
- Published:
16 Jul 2020 -
Author:
David Buxton -
Pages:
4
The company’s trading update highlights that having seen resilient trading in its first half, Q3 has started to experience softening demand from oil & gas customers. We have reduced our forecasts for 2020 in light of the update, with a 22% forecast revenue reduction and the EBITDA loss widening from £0.3m to £0.5m. Our 2021 forecasts are conservatively flat. Good progress continues to be made in the aerospace sector, while the relocation and expansion of the Bicester fac