UK's Velocity Composites H1 revenue falls on shipment delays

Velocity Composites

26/05/2026 07:10

Overview

UK aerospace composites supplier's H1 revenue fell yr/yr due to shipment phasing and supply delays

Adjusted EBITDA stayed positive for third straight half, but declined from previous year

Outlook

Velocity continues to trade in line with unchanged full-year revenue expectations

Company expects recovery of lost sales in H2 26 as US material supply resumes

Production rates across major civil aerospace programmes are improving, supporting positive industry trends

Result Drivers

SHIPMENT PHASING - Co said lower H1 revenue was mainly due to timing of shipments, with deliveries weighted to H2

SUPPLY DELAYS - Material supply delays affected US operations, with supply now recommenced and lost sales expected to be recovered in H2

UK CUSTOMER DEMAND - Higher than expected demand from legacy UK customers supported revenue and is expected to continue

Company press release: ID:nRSZ5253Fa

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
H1 Revenue
GBP 8.4 mln


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 2 "strong buy" or "buy", no "hold" and no "sell" or "strong sell"

The average consensus recommendation for the aerospace & defense peer group is "buy"

Wall Street's median 12-month price target for Velocity Composites PLC is GBp40.00, about 201.9% above its May 22 closing price of GBp13.25

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(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.)