Further significant North American order intake
Hardide plc has announced a further £1.8 million in new orders from a major North American energy sector customer, expected to be delivered primarily within the current financial year ending 30 September 2026. This significant order intake leads the Board to anticipate a material improvement in revenues and performance for the year, potentially enabling the company to achieve its strategic milestone of at least doubling financial year 2024 revenues ahead of schedule and improving capacity utilisation. Discussions are underway with the customer regarding a framework arrangement for future supply.
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Hardide (AIM: HDD), the provider of advanced surface treatment technology, is pleased to confirm it has secured a further £1.8m of new orders from the major North American energy sector customer referred to in the announcements of 1 December 2025 and 3 February 2026, which will be delivered mostly over the course of the current financial year.
These orders lead the Board to expect a further material improvement in revenues and performance for the current financial year to 30 September 2026 as against previous expectations.
Hardide is in discussions with this customer regarding establishing a framework arrangement and schedule for the future that will support the customer's own business development ambitions and supply requirements.
Matt Hamblin, CEO of Hardide commented:
"We are delighted to receive these additional new orders. This should enable Hardide to achieve its first strategic milestone of at least doubling financial year 2024 revenues, ahead of target, during the current financial year and enable us to leverage the benefits of much higher capacity utilisation".
Cleaned text: letterheads, contacts and legal notices removed. View the original announcement ↗ · Company filings. Not investment advice.