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Hardide ( (GB:HDD) ) has issued an update.
Hardide plc reported its annual results for the year ending September 2024, highlighting a recovery in the latter half, with a revenue of £4.7m compared to £5.5m the previous year. The company achieved a positive EBITDA of £0.5m in the second half, driven by internal efficiencies and cost-reduction measures, and reported cash flow positivity. Looking forward, Hardide expects strong revenue growth in FY25, bolstered by a new 10-year aerospace supply agreement, and aims to leverage its spare capacity under new CEO Matt Hamblin’s leadership to accelerate growth.
More about Hardide
Hardide plc develops, manufactures, and applies advanced tungsten carbide/tungsten metal matrix coatings for engineering components. Known for its patented technology, Hardide serves sectors such as energy, valve and pump manufacturing, industrial gas turbines, precision engineering, and aerospace, offering enhanced component life and operational efficiency.
YTD Price Performance: 0.53%
Average Trading Volume: 93,670
Technical Sentiment Consensus Rating: Buy
Current Market Cap: £4.33M
See more data about HDD stock on TipRanks’ Stock Analysis page.
