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HARDMAN & CO RESEARCH Hardman & Co Research: Surface Transforms (SCE): Rapid acceleration - 'game-change' announcements

Directive transparence : information réglementée

05/09/2019 17:10

Hardman & Co Research
Hardman & Co Research: Surface Transforms (SCE): Rapid acceleration - 'game-change' announcements

05-Sep-2019 / 16:10 GMT/BST


Hardman & Co Research: Rapid acceleration - "game-change" announcements

Surface Transforms manufactures and sells carbon ceramic brake discs. The last three-month period of contract awards since the financial year-end has been transformational in the development of the company. It now has multi-year, multi-million, recurring income contracts from European-based global OEMs. These will support cash breakeven during 2020, moving to EBITDA-positive (post-tax credit) in fiscal 2021 and profitability in 2022. Long-term contracts collectively bring lifetime revenues of over £20m. The overwhelming significance is that this follows many years' client-testing, and this product-endorsement opens the path to order-of-magnitude sales expansion.

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https://www.hardmanandco.com/research/corporate-research/rapid-acceleration-game-change-announcements/

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About Hardman & Co: For the past 21 years Hardman has been producing specialist research designed to improve investors' understanding of companies, sectors, industries and investment securities. Our analysts are highly experienced in their sectors, and have often been highly rated by professional investors for their knowledge.  Our focus is to raise companies' profiles across the UK and abroad with outstanding research, investor engagement programmes and advisory services. Some of our notes have been commissioned by the company which is the subject of the note; this is clearly stated in the disclaimer where this is the case.

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End of Announcement - EQS News Service

869449  05-Sep-2019 

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