I think. Losses due to operations (not rounded) 2008 £3.96 million additional losses restructuring/exceptional.... £7.2 million 2009 £4.86 million additional losses £6.8 million 2010 £4.05 million additional losses £1.96 million 2011/12 £8.16 million additional losses £4.59 million 2013 £5.53 million additional losses £1.81 million
Company pronouncements under the 'leadership' of Sumner were something like if we have a modern facility we will achieve bulk orders and profitability. The numbers suggest that that hope has not been achieved. IMHO I doubt that Optare are as you suggest (hope?), well-placed. Even if they launch the DD (IMHO they would be well advised to cancel the project for if they cannot build and sell single deckers at a profit what hope I ask myself is there that they can build a new product profitably?) it is unlikely to be sufficient to turn the company's fortunes around. The facts of the massive debt the company is carrying and the low value of the order book (information available in the public domain) make it difficult to imagine a scenario where the company trades its way out of its present position.
I get that. I'm just trying to get a feel for the industry in general. Though losing coney, OPE may still be well placed as the economy improves. And with th DD coming on (opefully) it can only take market share from the others assuming they sell some.
achieve or do not achieve is not really relevant IMHO. In published accounts operating losses as far as I understand it are recorded as a result only of money spent on manufacturing and selling a product against money received (it disregards everything else such as interest repayments, exceptional costs and so forth). It is my understanding that when a company such as Optare sells a few hundred buses every year and records a few million pound operational losses per year that every bus has been sold at a loss.
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