SCE has announced full year results to end December 2021, which are very much in line with expectations. Revenue increased +21% y-o-y largely due to an increasing flow of prototype parts to prospective OEMs and start of production of the Aston Martin Valkyrie. The year end order book was £115m (since increased to £185m), while year end gross cash was £13m. This leaves the business in a strong position to execute on the rapid ramp up in revenues now forecast. We are not materially changing foreca ....
04 Apr 2022
Surface Transforms - FY2021 in line, all eyes now on FY2022 and beyond
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Surface Transforms - FY2021 in line, all eyes now on FY2022 and beyond
Surface Transforms PLC (SCE:LON) | 9.2 0 0.0% | Mkt Cap: 32.4m
- Published:
04 Apr 2022 -
Author:
Michael Clifton | Cavendish Research -
Pages:
12
SCE has announced full year results to end December 2021, which are very much in line with expectations. Revenue increased +21% y-o-y largely due to an increasing flow of prototype parts to prospective OEMs and start of production of the Aston Martin Valkyrie. The year end order book was £115m (since increased to £185m), while year end gross cash was £13m. This leaves the business in a strong position to execute on the rapid ramp up in revenues now forecast. We are not materially changing foreca ....