HARL30 Dec 2022 08:00
Harland & Wolff (HARL)
FY-Dec monster miss. Surely it knew before today? Guides rev £29-31m vs £65-75m guided in sept. Blames contract delays, operational delay in M55 Regeneration Programme, Terminates fabrication of four wind turbine generator jackets for Saipem, by mutual agreement due to " issues with payments, delays and defective materials, with resultant cost escalations".Outlook "we will see a robust 2023 with deferred revenue from 2022 which will start getting booked during the course of H1".
[SP=20.15 Cap=35m]