UK's Chesterfield Special Cylinders expects lower FY26 revenue, steady adjusted EBITDA

Chesterfield Special Cylinders Holdings

27/10/2026 07:15

Overview
UK high-pressure gas storage maker expects FY26 revenue to fall yr/yr, adjusted EBITDA stable
Second-half revenue improved on overseas defence contracts and higher lifecycle services activity
Company implemented cost cuts due to uncertain hydrogen market outlook

Outlook
Company will begin FY27 with a lower cost base following cost reduction measures
Company expects continued supply to UK defence programmes and overseas fleet maintenance in FY27
Company says hydrogen storage market remains uncertain but is prepared to supply if opportunities arise

Result Drivers
DEFENCE CONTRACTS & LIFECYCLE SERVICES - Co said second-half revenue improved due to progress on overseas defence contracts and increased lifecycle services activity
DELAYED DOCKING - Delayed UK fleet docking schedules negatively affected Integrity Management activity
COST REDUCTION - Co implemented cost cuts due to uncertain hydrogen market outlook

Company press release: ID:nRSa4188Aa

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
FY Adjusted EBITDA
 
GBP 800,000
 

Analyst Coverage
The one available analyst rating on the shares is "buy"
The average consensus recommendation for the industrial machinery & equipment peer group is "buy"
Wall Street's median 12-month price target for Chesterfield Special Cylinders Holdings PLC is GBp50.00, about 38.9% above its October 26 closing price of GBp36.00
The stock recently traded at 28 times the next 12-month earnings vs. a P/E of 31 three months ago

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)