The group’s year-end update confirms that the market volatility previously flagged has resulted in some customer project orders delayed from Q4 into FY23. We therefore reduce FY22 forecasts, with a £0.3m reduction in revenue and a £0.4m wider pre-tax loss. With a strong order book, management expects to see a considerable improvement in financial performance in FY23, while cash proceeds from settling customer balances, Martinsville sale & leaseback and placing proceeds provide additional financi ....
13 Oct 2022
Hardide - YE update flags some order slippage, stronger FY23
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Hardide - YE update flags some order slippage, stronger FY23
Hardide plc (HDD:LON) | 5.6 0 7.1% | Mkt Cap: 4.41m
- Published:
13 Oct 2022 -
Author:
David Buxton -
Pages:
5
The group’s year-end update confirms that the market volatility previously flagged has resulted in some customer project orders delayed from Q4 into FY23. We therefore reduce FY22 forecasts, with a £0.3m reduction in revenue and a £0.4m wider pre-tax loss. With a strong order book, management expects to see a considerable improvement in financial performance in FY23, while cash proceeds from settling customer balances, Martinsville sale & leaseback and placing proceeds provide additional financi ....