UK's Dewhurst falls after flagging challenging second half

Dewhurst

18/06/2025 09:30

** Shares of lift, transport & keypad component manufacturer Dewhurst DWHT.L slides 8.6% to 770p, lowest since February 2024
** Expects challenging second half of the year, with headwinds impacting growth prospects in several key markets

** Says ongoing uncertainty surrounding tariffs continues to affect confidence levels and cause delays in construction projects

** "Persistent inflation, tight public sector spending and current subdued business confidence is also likely to make for a tough second half" - DWHT

** Says drop in UK lift business impacted topline for six months ended March 31
** Reports group revenue of 31.6 mln pounds ($42.52 million) for H1, up 2%, and profit before tax of 4.1 mln pounds, up 4% from a year earlier
** Stock down 24.9% YTD

($1 = 0.7432 pounds)

 (Reporting by Subiksha S in Bengaluru)

 ((Subiksha.S@thomsonreuters.com))