The group’s year-end trading update highlights that revenue for November and December was affected by some technical production issues, occurring as production was being significantly ramped up. These issues have been addressed and the wider capex of phase 2 is on track to be operational by Q3 2023. The group is capacity-constrained in H1 2023, not demand-constrained, with customers fully supportive of the remedial actions and planned capacity expansion. We reduce revenue expectations for FY22 b ....
11 Jan 2023
Surface Transforms - Pre-close trading update, short-term production glitch
Sign up to access
Get access to our full offering from over 30 providers
Get access to our full offering from over 30 providers
Surface Transforms - Pre-close trading update, short-term production glitch
Surface Transforms PLC (SCE:LON) | 3.1 0 (-10.1%) | Mkt Cap: 10.9m
- Published:
11 Jan 2023 -
Author:
David Buxton | Michael Clifton -
Pages:
5
The group’s year-end trading update highlights that revenue for November and December was affected by some technical production issues, occurring as production was being significantly ramped up. These issues have been addressed and the wider capex of phase 2 is on track to be operational by Q3 2023. The group is capacity-constrained in H1 2023, not demand-constrained, with customers fully supportive of the remedial actions and planned capacity expansion. We reduce revenue expectations for FY22 b ....