Hardide plc’s (HDD.L) year-end trading update confirmed FY23e EBITDA at around breakeven. That’s in line with our forecasts, on the back of c. £5.5m revenues, 10% up on the prior year. The latter came in below forecast (ACLe: £6.1m); EBITDA benefited from a combination of a disciplined approach to costs and higher selling prices rolled out during Q2 and Q4. The FY24 outlook is supported by both the leaner expense base and an anticipated higher full year contribution from Airbus for A320/A321 com ....

18 Oct 2023
Allenby Capital: Update - Higher selling prices and cost control benefit FY23e

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Allenby Capital: Update - Higher selling prices and cost control benefit FY23e
Hardide plc (HDD:LON) | 6.9 0 1.9% | Mkt Cap: 5.42m
- Published:
18 Oct 2023 -
Author:
David Johnson -
Pages:
5 -
Hardide plc’s (HDD.L) year-end trading update confirmed FY23e EBITDA at around breakeven. That’s in line with our forecasts, on the back of c. £5.5m revenues, 10% up on the prior year. The latter came in below forecast (ACLe: £6.1m); EBITDA benefited from a combination of a disciplined approach to costs and higher selling prices rolled out during Q2 and Q4. The FY24 outlook is supported by both the leaner expense base and an anticipated higher full year contribution from Airbus for A320/A321 com ....