Full-year results are in line with our expectations and offer grounds for some increased optimism as the oil & gas sector (its largest end-customer) shows some signs that it has bottomed out. Progress continues with Airbus component trials and commercial discussions, and the group’s coatings facility in the US is now operational in advance of anticipated growth in North American demand. We make no changes to our 2017 forecasts, with new 2018 forecasts moving closer to breakeven. We
12 Dec 2016
Full-year results, trading starting to turnaround
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Full-year results, trading starting to turnaround
Hardide plc (HDD:LON) | 6.2 0 0.0% | Mkt Cap: 4.90m
- Published:
12 Dec 2016 -
Author:
David Buxton -
Pages:
12
Full-year results are in line with our expectations and offer grounds for some increased optimism as the oil & gas sector (its largest end-customer) shows some signs that it has bottomed out. Progress continues with Airbus component trials and commercial discussions, and the group’s coatings facility in the US is now operational in advance of anticipated growth in North American demand. We make no changes to our 2017 forecasts, with new 2018 forecasts moving closer to breakeven. We