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Hardide Plc

Hardide PLC's full-year results to exceed expectations

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Surface coating technology firm Hardide (LON:HDD) expects full-year results to be slightly ahead of market forecasts.

The company said it has maintained momentum in the second half of the year, with progress underpinned by its new major supply contract with General Electric Company coming on stream as expected, while there has also been a return to a more normal level of orders from a major oil & gas customer.

Shares fell 2.9% to 2.02p, however, as there is still no visible end to the company’s seemingly endless trial period with Airbus, though the company did reveal that testing is now in the qualification phase and is progressing faster than previously.

Airbus is testing a Hardide coating as an alternative to hard chrome plating for certain aerospace applications.

Quick facts: Hardide Plc

Price: £0.72

Market: AIM
Market Cap: £35.14 m
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