Hardide plc has reported interims for the 6m ended 31 March 2021 in line with expectations. Given the year earlier period was ‘pre-COVID’ it is of no surprise that the results were significantly weaker (revenues down 41%). However, revenues in the period were up marginally on 2H 2020 indicating the worst has probably passed. The outlook is upbeat with expectations for “an improvement in revenues in H2 and into full year 2022”. We make no changes to our 2021 revenue and underlying EBITDA forecast ....

18 May 2021
Interims to end March 2021 in line with expectations

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Interims to end March 2021 in line with expectations
Hardide plc (HDD:LON) | 7.8 0 3.3% | Mkt Cap: 6.11m
- Published:
18 May 2021 -
Author:
Matt Butlin -
Pages:
5 -
Hardide plc has reported interims for the 6m ended 31 March 2021 in line with expectations. Given the year earlier period was ‘pre-COVID’ it is of no surprise that the results were significantly weaker (revenues down 41%). However, revenues in the period were up marginally on 2H 2020 indicating the worst has probably passed. The outlook is upbeat with expectations for “an improvement in revenues in H2 and into full year 2022”. We make no changes to our 2021 revenue and underlying EBITDA forecast ....