The FY22 results illustrate the significant steps forward the business has taken, with revenue up 116%. Commercially, at £290m the order book has gained from two significant OEM orders gained in the year. Operationally, recent technical issues have been resolved, while investment continues to add capacity and debottleneck production. While costs have been higher in the year, the loss after tax is in line with expectations. By September, phase 2 investment is expected take the group to a capacity ....
17 Apr 2023
Surface Transforms - FY results: production set to increase now issues resolved
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Surface Transforms - FY results: production set to increase now issues resolved
Surface Transforms PLC (SCE:LON) | 1.3 0 6.0% | Mkt Cap: 7.31m
- Published:
17 Apr 2023 -
Author:
David Buxton | Michael Clifton -
Pages:
10
The FY22 results illustrate the significant steps forward the business has taken, with revenue up 116%. Commercially, at £290m the order book has gained from two significant OEM orders gained in the year. Operationally, recent technical issues have been resolved, while investment continues to add capacity and debottleneck production. While costs have been higher in the year, the loss after tax is in line with expectations. By September, phase 2 investment is expected take the group to a capacity ....