Trading Update (6367Y)
March 05 2012 - 1:00AM
UK Regulatory
TIDMHDD
RNS Number : 6367Y
Hardide PLC
05 March 2012
Press Release 05 March 2012
Hardide plc
("Hardide" or "the Group")
Trading Update
Hardide plc (AIM:HDD), the provider of unique metal surface
engineering technology, today gives a trading update prior to the
Group's interim results for the half year ending 31 March 2012.
The board is pleased to announce that the Group expects to
report half year revenue that will be considerably above the same
period last year following a strong flow of completed orders during
the first half, due to which the board now believes it will
comfortably exceed market expectations for the full year if the
level of sales enjoyed in the first half is sustained in the
second. Despite this good start to the year, the board will
continue to monitor progress closely due to the Group's previous
experience of very uneven demand following periods of stockbuilding
by customers.
Meanwhile the Group continues to add new customers and develop
new applications for existing customers. Investment in business and
market development also continues and the board is pleased with the
continued development of the Group's pipeline across the key
markets of oil & gas, flow control, aerospace and advanced
engineering.
The Group intends to announce its interim results for the six
months ending 31 March 2012 in June 2012.
Ends
For further information:
Hardide plc
Robert Goddard, Chairman Tel: +44 (0) 1869 353830
Jackie Robinson, Communications www.hardide.com
Manager
N+1 Brewin
Andrew Craig/Ben Wright Tel: +44 (0) 203 201 3916
www.nplus1brewin.com
Note to editors
Hardide Coatings
Hardide develops, manufactures and applies tungsten
carbide-based coatings to a wide range of engineering components.
The Group's patented technology is unique in that it combines
abrasion, erosion and corrosion resistant properties in one
coating. When applied to metal components, the technology is proven
to offer dramatic cost savings through reduced downtime and
extended part life. Customers include leading companies operating
in oil and gas exploration and production, valve and pumps
manufacturing, general engineering and aerospace.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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