Hardide 2nd Half Started Strongly, Expects Sales to Rise 40% in the Period
11 Marzo 2022 - 9:08AM
Dow Jones News
By Anthony O. Goriainoff
Hardide PLC said Friday that the second half of fiscal 2022
started strongly and that it expects to report a 40% rise in sales
for the period.
The U.K. provider of surface-coating technology said that
oil-and-gas demand is growing and that its customers expect this to
increase further into the second half.
The company said it received first orders from Airbus SE for the
coating of components on the Airbus A320, and that regular demand
for these, as well as for the coating of wing components on the
Airbus A330, is due to start in the second half.
Hardide said it expects the new larger reactor at its U.K. site
to operate at high capacity, and that the board believes there is
significant potential for further business from the gas and steam
turbine sector as the transition to net zero carbon emissions gains
pace.
"The board is optimistic that the increasing demand from
existing customers and the high-volume potential of a number of
projects will result in the group achieving its previous upward
sales trajectory," the company said.
Write to Anthony O. Goriainoff at
anthony.orunagoriainoff@dowjones.com
(END) Dow Jones Newswires
March 11, 2022 02:53 ET (07:53 GMT)
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