Results for the first half appear strong, with a good YoY increase in sales and improved plant loading. New customer contracts are helping diversify the sales base, the aerospace trials continue to progress, and the new US facility is on track. However, a recent trading update flagged management’s expectation of a weaker 2H, as weaker demand from one large customer in the oil services sector works its way to them. We maintain our recently reduced expectations. The shares may well remain
21 May 2015
Strong 1H results
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Strong 1H results
Hardide plc (HDD:LON) | 5.9 0 (-4.1%) | Mkt Cap: 4.61m
- Published:
21 May 2015 -
Author:
David Buxton - Pages:
Results for the first half appear strong, with a good YoY increase in sales and improved plant loading. New customer contracts are helping diversify the sales base, the aerospace trials continue to progress, and the new US facility is on track. However, a recent trading update flagged management’s expectation of a weaker 2H, as weaker demand from one large customer in the oil services sector works its way to them. We maintain our recently reduced expectations. The shares may well remain