SCE has announced interim results to end June 2021 which are very much in line with expectations. Revenue increased +33% H1-on-H1 largely due to an increasing flow of prototype parts to prospective OEMs. The order book currently stands at £67m, while the current cash position of £17.2m leaves the business in a strong position to execute on its capacity plans. Apart from a little slippage with OEM 8 SOP, the business remains on track. TP remains 69p/share.
13 Sep 2021
Surface Transforms - Solid interims, future potential remains bright
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Surface Transforms - Solid interims, future potential remains bright
Surface Transforms PLC (SCE:LON) | 3.1 0 (-10.1%) | Mkt Cap: 10.9m
- Published:
13 Sep 2021 -
Author:
Michael Clifton | Cavendish Research -
Pages:
11
SCE has announced interim results to end June 2021 which are very much in line with expectations. Revenue increased +33% H1-on-H1 largely due to an increasing flow of prototype parts to prospective OEMs. The order book currently stands at £67m, while the current cash position of £17.2m leaves the business in a strong position to execute on its capacity plans. Apart from a little slippage with OEM 8 SOP, the business remains on track. TP remains 69p/share.