Hardide Plc (LON:HDD) CEO Philip Kirkham talks to DirectorsTalk about the release of their half year results. The results showed a significantly improved performance compared with last year and Phil explains why, explains what has happened since the Airbus supplier approval, when we can expect orders and with the Oil and Gas market still significant to the company what developments are going on and how that translates to the company.
Finncap said today:
Hardide Plc interim results for the six months to March put the company on track to achieve full-year expectations. Significant improvements have been seen in the level of demand from the oil & gas sector, currently its largest market. The group has gained pivotal approved supplier status with Airbus, but production contracts may take some time to come through. The group is well positioned ready for the uplift in hydrocarbon sector activity and in advance of expected aerospace contracts. As such the shares also remain extremely attractive as two major positives occur almost simultaneously.