The group has announced the award of possibly its most significant contract to date worth £100m over six years for OEM 10, which takes its total contract value to £290m, and is an important validation by a leading automotive OEM that supplants its rival ceramic disc competitor. Its trading update highlights a recent short halt in production for OEM 8, with production now resumed and ramping up, reducing forecast FY22 revenues by £6.5m, with profits reduced by £3.6m. FY23 and FY24 forecasts are u ....
24 Nov 2022
Surface Transforms - Trading update and OEM 10 contract win worth £100m
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Surface Transforms - Trading update and OEM 10 contract win worth £100m
Surface Transforms PLC (SCE:LON) | 3.0 0 0.0% | Mkt Cap: 10.7m
- Published:
24 Nov 2022 -
Author:
David Buxton | Michael Clifton -
Pages:
5
The group has announced the award of possibly its most significant contract to date worth £100m over six years for OEM 10, which takes its total contract value to £290m, and is an important validation by a leading automotive OEM that supplants its rival ceramic disc competitor. Its trading update highlights a recent short halt in production for OEM 8, with production now resumed and ramping up, reducing forecast FY22 revenues by £6.5m, with profits reduced by £3.6m. FY23 and FY24 forecasts are u ....