UK's Chesterfield Special Cylinders H1 revenue rises 19%

Chesterfield Special Cylinders Holdings

20/05/2026 07:12

Corrects basic EPS in table to -2.8p from -GBP 2.8

Overview

UK high-pressure gas storage maker's H1 revenue rose to £6.4 mln, adjusted EBITDA loss narrowed

Company cited delays in UK hydrogen projects and postponed Integrity Management deployments impacting results

Defence order book strengthened and property lease renewal secured long-term manufacturing site security

Outlook

Company expects FY26 revenue and adjusted EBITDA to be similar to FY25 levels

Uncertainty remains around rollout of UK hydrogen projects, though HAR contract awards possible in FY26

Company outlook supported by robust defence order book and strong contract pipeline

Result Drivers

DEFENCE CONTRACTS - Defence revenue rose, supported by milestone deliveries for UK submarine and surface ship programmes and new overseas orders

INTEGRITY MANAGEMENT DELAYS - Integrity Management revenue fell as some UK naval deployments were postponed into FY27 due to delayed docking schedules

HYDROGEN PROJECT DELAYS - Hydrogen revenue grew modestly, but continued delays to UK government-backed hydrogen projects limited growth

Company press release: ID:nRST9836Ea

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
H1 Revenue
GBP 6.4 mln
H1 Adjusted EBITDA
-GBP 0.6 mln
H1 Adjusted EBIT
-GBP 1 mln
H1 Basic EPS
-2.8p
H1 Gross Profit
GBP 2.1 mln
H1 Pretax Profit
-GBP 1.1 mln


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 12.4% above its May 19 closing price of GBp44.50

The stock recently traded at 61 times the next 12-month earnings vs. a P/E of 144 three months ago

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

 (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.)