Gross cash £58M. and see below $1b rev opp24 Jun 2022 16:05
The Company believes that this major capital expenditure project amounting to approximately $55
million of capex over the next 9 months is critical to delivering the Group’s growth strategy in
renewables. The project has the potential to double Lamprell's annual renewables revenue capacity
from c.$400 - $600 million to c.$800 - $1,200 million while lowering unit production costs and materially
improving gross margin contribution by over 2.5x on offshore wind foundations projects. The Company
believes that this, in turn, offers the potential to unlock incremental EBITDA generation of up to $100
million per annum in the medium to longer term, as and when the strategic capital investment
programme has been delivered.