Castings interim results confirm revenues for H1 23 are up 22.7% YoY at £85.6m (H1 FY22: £69.7m) with PBT up 37.8% at £7.5m (H1 FY22: £5.4m). This comes from a resilience in the end customer market of commercial and heavy goods vehicles where demand has remained strong throughout 2022 across the major OEMs. This positive HGV backdrop and strong forward order books provides confidence in Castings achieving Zeus’s full year revenue estimates of £180.0m (FY22A: £148.6m) and PBT of £15.5m (FY22A: £1 ....
16 Nov 2022
Castings plc (CGS LN) - HGV market keeps on trucking
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Castings plc (CGS LN) - HGV market keeps on trucking
Castings Public Limited Company (CGS:LON) | 375 0 0.0% | Mkt Cap: 163.0m
- Published:
16 Nov 2022 -
Author:
Andy Hanson -
Pages:
15
Castings interim results confirm revenues for H1 23 are up 22.7% YoY at £85.6m (H1 FY22: £69.7m) with PBT up 37.8% at £7.5m (H1 FY22: £5.4m). This comes from a resilience in the end customer market of commercial and heavy goods vehicles where demand has remained strong throughout 2022 across the major OEMs. This positive HGV backdrop and strong forward order books provides confidence in Castings achieving Zeus’s full year revenue estimates of £180.0m (FY22A: £148.6m) and PBT of £15.5m (FY22A: £1 ....