The Group has issued a trading update for H1 FY2020E and withdrawn guidance due to the uncertainties created by COVID-19 and the currently depressed oil price. The statement notes strong divisional order books at the half year and good progress against strategic objectives with all sites open and working on the basis of ‘business as usual, with caution’. Nevertheless, both its divisions, Chesterfield Special Cylinders (‘CSC’) and Precision Machined Components (‘PMC’), began to experience some op ....
09 Apr 2020
Trading update and COVID-19 impact
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Trading update and COVID-19 impact
Pressure Technologies plc (PRES:LON) | 37.5 0 0.0% | Mkt Cap: 14.5m
- Published:
09 Apr 2020 -
Author:
Richard Hickinbotham -
Pages:
4
The Group has issued a trading update for H1 FY2020E and withdrawn guidance due to the uncertainties created by COVID-19 and the currently depressed oil price. The statement notes strong divisional order books at the half year and good progress against strategic objectives with all sites open and working on the basis of ‘business as usual, with caution’. Nevertheless, both its divisions, Chesterfield Special Cylinders (‘CSC’) and Precision Machined Components (‘PMC’), began to experience some op ....