UK's Hardide rises on upbeat annual outlook
22/07/2026 09:18
BUZZ-UK's Hardide rises on upbeat annual outlook ** Shares of Hardide HDD.L rise 23% to 92 pence
** The surface treatment technology provider now expects its fiscal 2026 performance to be "materially ahead" of previous estimates, citing new contract wins and improved factory utilisation
** Previous expectations for year through September 30 were revenue of £13.4 million ($17.93 million) and EBITDA of £4.3 million
** "We are now focused on doubling revenues again from current year levels and diversifying our customer base over the next few years," CEO Matt Hamblin says
** Hardide stock up about 375%, YTD, including session's move
($1 = £0.7475)
(Reporting by Neeshita Beura in Bengaluru)