Harland & Wolff (H&W) recorded £15.4m of revenue in H1/22A and maintained full year revenue guidance at £65-75m, with H2 expected to benefit from key contracts including the M55 and Cory barges. We lower our Adj LBITDA forecasts from -£4.9m to -£12.3m to reflect a ramp-up in staffing costs in preparation for delivery of recently won contracts and to pursue other pipeline opportunities. Management estimates that its contracted revenue now stands at c£100m (spread over H2/22E and into FY23). With ....
30 Sep 2022
Cenkos: Harland & Wolff Group Holdings Plc -- H1/22 Interim Results
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Cenkos: Harland & Wolff Group Holdings Plc -- H1/22 Interim Results
Harland & Wolff Group Holdings PLC (HARL:LON) | 10.2 0 0.0% | Mkt Cap: 17.7m
- Published:
30 Sep 2022 -
Author:
Peter Renton -
Pages:
8
Harland & Wolff (H&W) recorded £15.4m of revenue in H1/22A and maintained full year revenue guidance at £65-75m, with H2 expected to benefit from key contracts including the M55 and Cory barges. We lower our Adj LBITDA forecasts from -£4.9m to -£12.3m to reflect a ramp-up in staffing costs in preparation for delivery of recently won contracts and to pursue other pipeline opportunities. Management estimates that its contracted revenue now stands at c£100m (spread over H2/22E and into FY23). With ....