Hardide PLC - Oxfordshire-based advanced surface coating technology developer - Says revenue for its financial year 2022 ending September 30 is on track to meet management expectations, as it sees increased volatility.

Company adds that ‘improvements across the company’s key markets reported... for the first half have continued in line with the board’s expectations,’ but customers had to wait longer for raw materials as demand was volatile.

Firm explains that while revenue for the financial year 2022 is expected to meet expectations, it will be ‘with a slightly wider range of possible outcomes, which will also be reflected at the earnings before interest, tax, depreciation and amortisation level.’

Current stock price: 23.00 pence, down 8.0% on Thursday

12-month change: down 38%

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