Latest Share Chat

Petards Share News (PEG)

Petards Information

Buy PEG Shares
Add PEG to Watchlist
Add PEG to Alert

Share Price Information for Petards (PEG)

Share Price is delayed by 15 minutes

Get Live Data

Share Price: 7.75

Bid: 7.50

Ask: 8.00

Change: 0.00 (0.00%)

Spread: 0.50 (6.667%)

Open: 7.75

High: 7.75

Low: 7.75

Prev. Close: 7.75

Last checked at -

Petards says annual results to fall short of expectations

Thu, 25th Jan 2024 12:12

(Alliance News) - Petards Group PLC on Thursday warned its trading in 2023 is likely to be below its expectations.

Petards is a London-based technology company that develops security and surveillance applications, focussing on rail, traffic, and defence.

It expects to report revenue of GBP9.4 million, falling by 14% from GBP10.9 million a year ago.The figure is about 3% lower than market expectations, Petards said.

More positively, the firm said it expects gross profit margin to be slightly above the 47.3% reported in its interim results. In 2022, gross profit margin was 51.0%.

Looking ahead, Petards said it is confident of taking advantage of opportunities and delivering improved trading in 2024.

Shares in Petards fell 3.9% to 3.75 pence each in London on Thursday afternoon.

By Sabrina Penty, Alliance News reporter

Comments and questions to newsroom@alliancenews.com

More News

3 Mar 2015 08:58

Petards Group Wins Siemens Train Deal For CCTV System

12 Jan 2015 07:56

Petards Expects 2014 Results To Meet Hopes Despite Revenue Miss

3 Sep 2014 07:50

Petards Group Rises As It Swings To Profit In The First Half

2 Jul 2014 11:44

Petards Group secures contract with Ministry of Defence

Security surveillance systems developer Petards Group has secured a contract with the Ministry of Defence worth £4.5m to undertake a modification programme for one of its aircrafts. The project, which will begin immediately, is expected to add to revenues in the current and two later financial year

2 Jul 2014 11:06

UK MIDDAY BRIEFING: Mothercare Shares Jump On Takeover Offer

2 Jul 2014 09:28

UK WINNERS & LOSERS: Blinkx Shares Almost Halve On Earnings Warning

2 Jul 2014 07:29

UK MORNING BRIEFING: UK House Prices Exceed Pre-Recession Peak

2 Jul 2014 06:43

Petards Wins UK Government Deal Worth Over GBP4.5 Million

26 Jun 2014 13:19

UK MIDDAY BRIEFING: House Builders Soar As BOE Stays Calm

26 Jun 2014 12:21

UK WINNERS & LOSERS: Housebuilders Jump Following BoE Report

26 Jun 2014 10:37

Petards Signs Framework Agreement With Siemens For Rail Products

8 May 2014 15:31

Petards sees FY results in line after strong start to 2014

Security and surveillance technology maker Petards is eyeing full-year results in line with hopes after a strong start to 2014. Petards, which makes CCTV and passenger information systems for trains and secure radio equipment for the military, said improved orders late last year had strengthened it

8 May 2014 13:48

Petards On Track To Meet Hopes After Profitable First Quarter

LONDON (Alliance News) - Security and surveillance systems maker Petards Group PLC Thursday said it is set to meet market expectations for 2014 after it traded profitably in the first quarter of the year. "The corporate activity undertaken and the improvement in the order book arising in th

8 May 2014 07:29

UK MORNING BRIEFING: UK Shares Open Higher, Led By BT And Barclays

LONDON (Alliance News) - UK shares have opened mostly higher Thursday ahead of interest-rate decisions by the Bank of England and European Central Bank and amid tentative signs of reduced tensions in Ukraine.

BT and Barclays lead the FTSE 100 at the

31 Mar 2014 12:50

REPEAT: UK MIDDAY BRIEFING: Babcock JV Wins GBP7 Billion Nuclear Contract

LONDON (Alliance News) - Babcock International Group is leading the FTSE 100 higher Monday after its Cavendish Fluor Partnership joint venture was selected as the preferred bidder for a GBP7 billion nuclear plant decommissioning contract.

The joint venture with Fluo

Latest Share Chat

Petards Share News (PEG)

Share Price Information for Petards (PEG)

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

Petards says annual results to fall short of expectations

Login to your account

Quickpicks are a member only feature

Login to your account