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Hardman & Co Research on Surface Transforms (SCE): Further new order, upgrades, production ramp-up

·2-min read

Hardman & Co Research
Hardman & Co Research on Surface Transforms (SCE): Further new order, upgrades, production ramp-up
06-Sep-2022 / 07:15 GMT/BST

Hardman & Co Research on Surface Transforms (SCE):

Further new order, upgrades, production ramp-up

 

We are very encouraged by the further significant upgrades following SCE’s interim results announcement. This is over and above the upgrades from August’s new OEM 9 order. The order book is now £190m (£50m end-2020), with more rises promised before end-2022. The results, announced 5 September, cover a period where production ramp-up was impressive and the resilience of gross margins proven. The major milestone of profitability is achieved this half year. We raise 2024E EPS by 39%, on a 12% sales upgrade. Operational gearing is at play but also the confirmed continuing robustness of gross margins.

 

Please click on the link below for the full report:

https://hardmanandco.com/research/corporate-research/further-new-order-upgrades-production-ramp-up/

If you are interested in meeting the company, you can register your interest by clicking on the above link

To contact us:

Hardman & Co
1 Frederick’s Place

London

EC2R 8AE

www.hardmanandco.com

Follow us on Twitter @HardmanandCo

Contact:

Mike Foster



+44(0)203 693 7075

 

mf@hardmanandco.com

 

Hardman & Co Research can still be accessed for free after MiFID II. Please click here to read the statement.

About Hardman & Co: Hardman Research Ltd, trading as Hardman & Co, is an appointed representative of Capital Markets Strategy Ltd and is authorised and regulated by the Financial Conduct Authority; our FCA registration number is 600843. Hardman Research Ltd is registered at Companies House with number 8256259. Attention is drawn to the important disclaimers at the end of the report.


Dissemination of a CORPORATE NEWS, transmitted by EQS Group.
The issuer is solely responsible for the content of this announcement.

End of Announcement - EQS News Service

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