The group has provided an encouraging year-end update, with stronger H2 trading momentum and the benefits of cost and efficiency initiatives, resulting in a positive H2 EBITDA of £0.4m. The group achieved EBITDA close to breakeven, almost in-line. Some new projects have been delayed and are now expected to occur in H1 FY25, providing FY25 with good momentum. The company moved into positive cash generation just before the year end. The cash balance is in-line with expectations at £0.7m. We margin ....
21 Oct 2024
Hardide - YE trading update; stronger H2 momentum broadly in-line
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Hardide - YE trading update; stronger H2 momentum broadly in-line
Hardide plc (HDD:LON) | 7.0 0 0.0% | Mkt Cap: 5.52m
- Published:
21 Oct 2024 -
Author:
David Buxton -
Pages:
5 -
The group has provided an encouraging year-end update, with stronger H2 trading momentum and the benefits of cost and efficiency initiatives, resulting in a positive H2 EBITDA of £0.4m. The group achieved EBITDA close to breakeven, almost in-line. Some new projects have been delayed and are now expected to occur in H1 FY25, providing FY25 with good momentum. The company moved into positive cash generation just before the year end. The cash balance is in-line with expectations at £0.7m. We margin ....