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Pin to quick picksHardide Share News (HDD)

Share Price Information for Hardide (HDD)

London Stock Exchange
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Share Price: 7.35
Bid: 7.20
Ask: 7.50
Change: 0.25 (3.52%)
Spread: 0.30 (4.167%)
Open: 7.10
High: 7.35
Low: 7.10
Prev. Close: 7.10
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Hardide posts record sales amid oil & gas recovery

Mon, 10th Dec 2018 14:33

(Sharecast News) - Hardide reported record full-year revenues on Monday as gross profit rose thanks in part to a recovery in the oil and gas sector.The company, which develops and provides advanced surface coating technology, said revenues surged 42% in the year to 30 September to £4.61m, while gross profit increased 52% to £2.41m and earnings before interest, taxes, depreciation and amortisation improved to a loss of £0.3m before exceptional items from a loss of £0.74m the year before.Hardide said it had seen a "significant" rise in sales to the oil and gas sector, supported by strong demand from the two new supply agreements previously announced. Sales also benefitted from the continuing recovery of the oil and gas sector.Sales increased across all geographies, but were particularly marked in North America, where an 84% uplift from last year was achieved.Chairman Robert Goddard said: "We are encouraged by the potential for significant growth in sales to the civil aerospace sector. Having successfully completed technical testing, detailed discussions are underway with Airbus and its tier 1 partners regarding the supply of production parts. Parts for other US and UK aerospace manufacturers are in various stages of development, including the final stages of life testing on transmission parts for Leonardo Helicopters."The board is pleased with the group's performance and the positive trading outlook. Our key oil and gas customers are experiencing a broad-based recovery in activity and are predicting that the current positive cycle will continue and that the supply-demand balance will remain favourable. This is positive news for Hardide and supports the group's strategy to invest ahead of revenue as it drives towards profitability in the coming year."At 1430 GMT, the shares were up 6.3% to 1.41p.
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3 Mar 2014 08:56

Hardide Jumps After Winning Big General Electric Coatings Deal

LONDON (Alliance News) - Hardide PLC saw its shares jump early Monday after it said it had won a major deal to supply a coating for a single component currently used by General Electric Company Inc., and could win further business under the deal if development and testing work is successful. <

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10 Feb 2014 09:07

Hardide Chairman Sees Potential Revenue Growth Boost From Trials, Projects

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18 Jun 2013 09:20

Hardide reports first half loss

Hardide, which provides advanced surface coating technology, reported a first half loss as turnover fell. The company posted an interim loss of £0.1m in the six months ended March 31st, compared to a profit of £0.2m in 2012. Turnover dropped by 18% to £1.26m from £1.54m, as a result of a major inv

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18 Jun 2013 08:34

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3 Oct 2012 13:05

Hardide appoints a Business Development Manager

Hardide Coatings, a surface engineering technology company, has reported a rise in its turnover in the oil and gas sector by 40 per cent in the past 12 months. In order to further develop sales in the sector, the company has appointed Martin Wainwright as the dedicated Business Development Manager

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24 Aug 2012 07:50

Hardide to smash expectations

Surface engineering specialist Hardide said since its update in March, momentum has continued and it now expects revenue for the year to exceed previous expectations. The group, which provides metal coatings used for valves, pumps, oil and gas, aerospace and pharmaceutical industries, said much o

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6 Dec 2010 14:55

Hardide slashes loss

Metal surface coatings technology developer Hardide has reduced its full year loss through a combination of higher revenues and lower costs. Revenues improved from £1.21m to £1.74m in the year to September 2010, while the reported loss declined from £1.82m to £507,000. Overheads were reduced by 30

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