HVO has made a strong start to the year, delivering H1 2024 revenues of £35.6m, +30.6% vs H1 2023. As we had noted in our 12 July preview, the company is expecting this year’s revenues to be H1 weighted, and has reiterated FY 2024E guidance of £62m. This extremely strong H1 stems from the company utilising its three facilities simultaneously to deliver a number of projects ahead of schedule. The EBITDA margin in H1 2024 was significantly ahead of H1 2023 at c24% (vs. 19.1%) and the company now e ....
