Hardman & Co Research on Surface Transforms (SCE): Pre-close trading, AGM and prospects

Hardman & Co Research Hardman & Co Research on Surface Transforms (SCE): Pre-close trading, AGM and prospects 13-Aug-2024 / 09:50 GMT/BST The issuer is solely responsible for the content of this announcement. Hardman & Co Research on Surface Transforms (SCE): Pre-close trading, AGM and prospects Surface Transforms (SCE) is delivering its £390m order book but still faces headwinds. It is knocking down the obstacles, giving detailed explanation of progress, and, indeed, output has been consistently good since late June. Clearly, this is not as early as hoped. We maintain our 2024E sales, but we have reduced several forward profit estimates. This means that we now estimate a £2m gross cash outflow for 2H24, with a stable 2025, and rising 2H25 and thereafter. Significantly, from here, there are now duplicated pieces of kit at each point. Disappointments, to date, have been about rates of delivery acceleration, which, nonetheless, are almost doubling each year. Please click on the link below for the full report: https://hardmanandco.com/research/corporate-research/sce-pre-close-trading-agm-and-prospects/ If you are interested in meeting the company, you can register your interest by clicking on the above link. To contact us: Hardman & Co 9 Bonhill Street London EC2A 4DJ www.hardmanandco.com Follow us on X @HardmanandCo Contact: Mike Foster [e-mail]   Hardman & Co Research can still be accessed for free after MiFID II. Please click here to read the statement. About Hardman & Co: Hardman Research Ltd, trading as Hardman & Co, is an appointed representative of Capital Markets Strategy Ltd and is authorised and regulated by the Financial Conduct Authority; our FCA registration number is 600843. Hardman Research Ltd is registered at Companies House with number 8256259. Attention is drawn to the important disclaimers at the end of the report. Dissemination of a CORPORATE NEWS, transmitted by EQS Group. The issuer is solely responsible for the content of this announcement.

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1966947  13-Aug-2024