Published on: May 14, 2018

1H18 Interims deliver positive progress

Hardide announced strong 1H18 interim results today with the continuation of positive trends experienced in 2H17. Oil &Gas, Flow Control and Precision engineering all delivered between 22-54% y/y sales growth. Progress in Aerospace continues with trials and commercial discussions with Airbus and Leonardo ongoing. The Group has delivered an improved 1H18/1H17 performance across all financial metrics with a confident outlook for 2H18. We believe our FY18E are firmly underpinned by the 1H18 interim results and take a conservative stance leaving estimates unchanged.

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