REG - Harland & Wolff - Annual Results Update

Harland & Wolff groupAnnouncement

23/06/2023 14:15

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RNS Number : 7727D  Harland & Wolff Group Holdings PLC  23 June 2023

23 June 2023

 

 

 

Harland & Wolff Group Holdings plc

("Harland & Wolff" or the "Company")

 

Annual Results Update

 

Harland & Wolff Group Holdings plc (AIM: HARL), the UK quoted company
focused on strategic infrastructure projects and physical asset lifecycle
management, announces that the Company intends on issuing its annual report
for the financial year ended 31 December by the end of June 2023.

 

Whilst the Company is currently completing its group audit, unaudited revenues
for the FY 2022 were £27.96 million and a loss for the year at £70.35
million. Further details on the audited group financial statements will be
made available in the annual report.

 

The Company has made significant progress on its group refinancing  and it
now envisages the transaction to close in early autumn of the current
financial year. The Company has taken this opportunity to bring down the cost
of capital substantially (into single digits) through this proposed
transaction. Further details will be provided in due course.

 

Finally, the Company remains on track to meet its FY 2023 revenue guidance.

 

 

For further information, please visit  www.harland-wolff.com
(http://www.harland-wolff.com/)   or contact:

 

 Harland & Wolff Group Holdings plc                                        +44 (0)20 3900 2122

 John Wood, Chief Executive Officer                                        investor@harland-wolff.com (mailto:investor@harland-wolff.com)

 Seena Shah, Head of Marketing & Communications                            media@harland-wolff.com (mailto:media@harland-wolff.com)

 Cenkos Securities plc (Nominated Adviser & Broker)                        +44 (0)20 7397 8900

 Stephen Keys / Callum Davidson / Dan Hodkinson (Corporate Finance)

 Michael Johnson (Sales)

 Liberum Capital Limited (Joint Broker)                                    +44 (0)20 3100 2000

 Nicholas How / Edward Mansfield / Lucas Bamber / Antonia Brown

 

 

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