The past two months have returned to EBITDA profitability and positive cash flow with a recovery in oil & gas demand from earlier destocking, while Aerospace was up 400% and with volumes ramping up with Airbus. H2 is expected to be adj EBITDA profitable and cash generative. We trim FY24E revenue by £0.5m, but due to cost reductions, we maintain our existing EBITDA breakeven for the year and year end cash is expected to be stable on half year levels. We believe new management has enhanced the gro ....
22 May 2024
Hardide - Stronger H2– On track for FY24E EBITDA breakeven
Sign up to access
Get access to our full offering from over 100 providers
Get access to our full offering from over 100 providers
Hardide - Stronger H2– On track for FY24E EBITDA breakeven
Hardide plc (HDD:LON) | 8.0 0 0.0% | Mkt Cap: 6.31m
- Published:
22 May 2024 -
Author:
David Buxton -
Pages:
8 -
The past two months have returned to EBITDA profitability and positive cash flow with a recovery in oil & gas demand from earlier destocking, while Aerospace was up 400% and with volumes ramping up with Airbus. H2 is expected to be adj EBITDA profitable and cash generative. We trim FY24E revenue by £0.5m, but due to cost reductions, we maintain our existing EBITDA breakeven for the year and year end cash is expected to be stable on half year levels. We believe new management has enhanced the gro ....