A positive first half - revenues 9% up y-o-y, 22% ahead of H2 22 – reflects improving oil & gas sector markets, new business flows and successful recovery of input cost inflation via higher selling prices. Significantly, HDD achieved EBITDA breakeven in the period and moved closer towards positive cash generation, a key financial milestone. Revenues are well diversified by industry and client, and visibility is underpinned by contractual relationships and potential for materially higher demand f ....

17 May 2023
Hardide interims

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Hardide interims
Hardide plc (HDD:LON) | 15.2 0.1 3.4% | Mkt Cap: 8.98m
- Published:
17 May 2023 -
Author:
David Johnson -
Pages:
8 -
A positive first half - revenues 9% up y-o-y, 22% ahead of H2 22 – reflects improving oil & gas sector markets, new business flows and successful recovery of input cost inflation via higher selling prices. Significantly, HDD achieved EBITDA breakeven in the period and moved closer towards positive cash generation, a key financial milestone. Revenues are well diversified by industry and client, and visibility is underpinned by contractual relationships and potential for materially higher demand f ....