Hardide plc announces its preliminary annual results for FY23, with a 10% increase in revenue and improvements in EBITDA and cash flow performance. The company is seeking funding to support its growth strategy and has appointed a new interim CEO.
Hardide narrows loss but needs short-term funds by early March lse.co.uk - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from lse.co.uk Daily Mail and Mail on Sunday newspapers.
Hardide plc has announced the appointment of Steve Paul as Interim CEO, succeeding Phil Kirkham. Steve brings extensive experience in the surface treatment industry and will help drive the company's revenue growth strategy.
Surface coating specialist Hardide reported a 10% improvement in revenue in its preliminary results on Thursday, to a record £5.5m, driven by robust demand in the oil and gas sector, expanded aerospace work in the fourth quarter, and successful cost inflation recovery through selling prices.
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Hardide PLC, up 7.5% at 13.98 pence, 12-month range 10.5p-16p. The developer.