The Group performed very much as expected in H1 with a strong performance at Chesterfield Special Cylinders (‘CSC’) more than offsetting still very difficult conditions in the Oil & Gas sector for Precision Machined Components (‘PMC’). Whilst there are encouraging signs of order recovery at PMC, these currently look to be 1-2 quarters behind earlier expectation. CSC is making good headway in the hydrogen sector with news of a first order from Shell under its 5 year framework agreement and moment ....
15 Jun 2021
In-line H1, outlook more difficult in short term
Sign up to access
Get access to our full offering from over 30 providers
Get access to our full offering from over 30 providers
In-line H1, outlook more difficult in short term
Pressure Technologies plc (PRES:LON) | 37.5 0 0.0% | Mkt Cap: 14.5m
- Published:
15 Jun 2021 -
Author:
Richard Hickinbotham -
Pages:
6
The Group performed very much as expected in H1 with a strong performance at Chesterfield Special Cylinders (‘CSC’) more than offsetting still very difficult conditions in the Oil & Gas sector for Precision Machined Components (‘PMC’). Whilst there are encouraging signs of order recovery at PMC, these currently look to be 1-2 quarters behind earlier expectation. CSC is making good headway in the hydrogen sector with news of a first order from Shell under its 5 year framework agreement and moment ....