Surface Transforms has announced a further and large contract award with customer OEM 6. To recap, on Tuesday, the Group issued a warning that sales for 2021e would be “below £3m” vs. our forecast for £4.7m. This was due to short-term furnace processing delays for early orders for OEM 8. Sales are not lost and will carry forward into 2022e. Management also said that more contract award news would be coming imminently.
16 Dec 2021
Surface Transforms (SCE LN) - Major contract award with OEM 6
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 (SCE LN) - Major contract award with OEM 6
Surface Transforms PLC (SCE:LON) | 3.3 0 (-4.3%) | Mkt Cap: 11.6m
- Published:
16 Dec 2021 -
Author:
Robin Byde -
Pages:
5
Surface Transforms has announced a further and large contract award with customer OEM 6. To recap, on Tuesday, the Group issued a warning that sales for 2021e would be “below £3m” vs. our forecast for £4.7m. This was due to short-term furnace processing delays for early orders for OEM 8. Sales are not lost and will carry forward into 2022e. Management also said that more contract award news would be coming imminently.