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HYR - Hydrodec News Story

3.95p 0.0  0.0%

Last Trade - 12/08/20

Market Cap £1.12m
Enterprise Value £11.6m
Revenue £12.0m
Position in Universe 1784th / 1818

BRIEF-Hydrodec Group Reports FY Revenue $11.6 Million Versus $14.9 Million

Fri 14th February, 2020 7:25am
Feb 14 (Reuters) - Hydrodec Group Plc  HYR.L :
    * FY REVENUE 11.6 MILLION USD VERSUS 14.9 MILLION USD YEAR
AGO
    * YEAR-END TRADING UPDATE
    * FY REVENUES APPROXIMATELY US$11.6 MILLION (2018: US$14.9
MILLION)
    * FY GROUP ADJUSTED EBITDA LOSS OF APPROXIMATELY US$3.2
MILLION
(2018: US$1.2 MILLION LOSS)
    * FY REDUCTION IN CORPORATE COSTS TO US$1.8 MILLION (2018:
US$2.7
MILLION)
    * FY SALES VOLUMES OF PREMIUM QUALITY SUPERFINE TRANSFORMER
OIL
AND BASE OIL OF 18.3 MILLION LITRES (2018: 23.0 MILLION LITRES)
    * COMPANY CONTINUES TO WORK ON A REFINANCING PACKAGE IN
RESPECT OF
THECANTON PLANT AND ASSETS IN EARLY PART OF 2020
    * CONFIRM THAT HYDRODEC HAS SIGNED A 3-YEAR CONTRACT WITH
DUKE
ENERGY
    * REVISED ITS EXPECTATIONS FOR 2020 TO BE MATERIALLY LOWER
THAN
PREVIOUS MARKET EXPECTATIONS FOR THIS YEAR
    * BOARD EXPECTS AN IMPROVEMENT ON FINANCIAL RESULTS FOR 2019
WITH
GROUP TARGETING POSITIVE EBITDA FROM US OPERATIONS FOR 2020
    * HYDRODEC GROUP- WILL CONTINUE TO PURSUE OTHER STRATEGIC
GROWTH
INITIATIVES THAT WILL ULTIMATELY SEEK TO ACCELERATE GROUP'S
OVERALL PROFITABILITY

Source text for Eikon:  ID:nRSN9875Ca 
Further company coverage:  HYR.L 

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