Velocity Composites
VEL · AIM · Industrial Goods and Services · mcap £8.9m · 16.2p
Velocity Composites cuts and packs composite materials into ready-to-use kits for aircraft makers, mainly for Airbus A350 wings, military programmes and US engine work. It operates from the UK and a US facility.
| Target | Promise | Said | Status |
|---|---|---|---|
| 2024 | |||
| 31 Oct 2024 | Profitable, cash generative with operating profit in H2 FY24 | 23 Jan 2024 | ✓ Kept |
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Also stated 22 May 2024 · 9 Jul 2024
Result
FY24 adjusted EBITDA was £0.4m, with H1 a £0.2m loss, implying H2 profit; cash inflow from operations was £0.4m. “The Group had cash-inflows from operating activities for FY24 of £0.4m (FY23: outflows £1.8m)”12 Dec 2024 · Trading Update & Notice of Results |
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