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Haydale Graphene expects recovery after tougher than expected 2017

Ray Gibbs, chief executive of Haydale Graphene Industries PLC (LON:HAYD), tells Proactive Investors they're expecting to generate revenues of between £3.45mln and £3.60mln for its current financial year.

He says they made 'significant progress' in the year but suffered in the second half from a combination of timing differences of recognising revenue before the financial year end and longer than anticipated lead times by customers to reach commercial volumes.

Gibbs thanks shareholders for their support over the period and adds: ''It's taken a little longer than we thought, that's not an unusual thing to happen in business but we're on track to get to some serious growth''.

Quick facts: Haydale Graphene Inds PLC

Price: 1.55 GBX

Market: LSE
Market Cap: £5.27 m

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Haydale Graphene's Ray Gibbs at the opening of the Graphene Engineering...

Ray Gibbs, president of business development at Haydale Graphene Industries PLC (LON:HAYD), spoke to Proactive London's Andrew Scott while at the Graphene Engineering Innovation Centre in Manchester for its official opening. Haydale was one of the first companies to sign up with the GEIC...

on 11/12/18

2 min read