The disposal of the loss-making Alternative Energy (AE) division has removed a significant distraction and allowed the focus to move on to Precision Machined Components (PMC) and Chesterfield Special Cylinders (CSC). These two divisions are now benefiting from restructuring, a recovery in the Oil & Gas sector and early growth in high pressure cylinders for the hydrogen storage market. Group revenues rose 59% in the first half. The new CEO has a clear strategy to drive organic growth and to mater ....
25 Jun 2019
Recovering strongly
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Recovering strongly
Pressure Technologies plc (PRES:LON) | 37.5 0 0.0% | Mkt Cap: 14.5m
- Published:
25 Jun 2019 -
Author:
Richard Hickinbotham -
Pages:
3
The disposal of the loss-making Alternative Energy (AE) division has removed a significant distraction and allowed the focus to move on to Precision Machined Components (PMC) and Chesterfield Special Cylinders (CSC). These two divisions are now benefiting from restructuring, a recovery in the Oil & Gas sector and early growth in high pressure cylinders for the hydrogen storage market. Group revenues rose 59% in the first half. The new CEO has a clear strategy to drive organic growth and to mater ....