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Pressure Technologies PLCOrd5P (PRES)

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03-Nov-2020 10:01 AM

Profit pressure mounts on Pressure Technologies

Pressure Technologies has warned that it will likely post a full-year loss following the impact of Covid-19. In a trading update, the AIM-listed company said it was set to report revenue for the year to 3 October 2020 of about £25 million, down from
23-Jan-2020 07:38 AM

Pressure Technologies announces changes to the Board

Pressure Technologies has announced that Sir Roy Gardner has joined the Board as non-executive chairman. Sir Gardner has experience in both executive and non-executive roles, leading and chairing large international businesses, many of them providing se
17-Dec-2019 07:42 AM

Pressure Technologies losses narrow as sales rise 34%

Specialist engineer Pressure Technologies narrowed its annual losses after its sales grew by about a third. Pre-tax losses for the year through 28 September amounted to £0.5m, compared to losses of £1.7m on-year. Revenue rose 34% to £2
21-Nov-2019 09:07 AM

Pressure Technologies sees revenue, profit increase ahead of 2019 results

AIM-listed Pressure Technologies has reported higher year-on-year revenue and profit ahead of its full-year results announcement. The board of the engineering company said it expected to report full-year 2019 results in line with market expectations. Fu
09-Oct-2019 04:38 PM

UK stocks drift lower but still finish up on the day

UK stocks drifted back slightly on Wednesday afternoon, but managed to close in positive territory on a slightly weaker pound which assisted exporters and hopes of a positive outcome to US-China trade talks. At 1630, the benchmark FTSE 100 index was up 2
25-Jun-2019 07:26 AM

Pressure Technologies swings to profit amid oil sector recovery

Specialist engineering group Pressure Technologies swung to a modest first-half profit, as improving conditions in the oil and gas sector helped boost sales. Pre-tax profit for the six months through March amounted to £0.1m, compared to a loss of &
11-Dec-2018 07:57 AM

Pressure Technologies losses deepen as revenue slips

Specialist engineering group Pressure Technologies posted a deeper annual loss as its sales slipped. Pre-tax losses for the year through 28 September amounted to £3.1m, compared to losses of £1.4m on-year. Revenue fell 7% to £32.2m and
12-Jun-2018 07:42 AM

Pressure Technologies losses widen after contract delays

Specialist engineering group Pressure Technologies said first-half losses almost doubled after contact delays in its alternative energy division sapped revenue. Pre-tax losses amounted to £5.0m, compared to losses in the prevoius year of £2.6
30-May-2018 08:21 AM

Pressure Technologies sees profits 'substantially below' market expectations

Specialist engineering group Pressure Technologies said its first-half results were expected to 'substantially below' market expectations after it failed to win an expected number of contracts. The biogas market had been frustratingly slow to d
12-Dec-2017 08:27 AM

Pressure Technologies losses widen

Pressure Technologies said annual losses deepened after one-off acquisition costs offset a rise in revenue. The company booked a pre-tax loss of £1.91m, compared to a £359,000 loss a year earlier. Revenue rose 7.5% and the company posted an
03-Nov-2017 01:41 PM

Pressure Technologies placing approved by shareholders

Pressure Technologies has confirmed that all resolutions were passed by shareholders at today's General Meeting. Application has therefore been made for 4,100,000 new ordinary shares to be admitted to trading on AIM and it is expected that admission
31-Aug-2017 09:51 AM

Pressure Technologies materially behind expectations

Pressure Technologies, the specialist engineering group, said it expects to report full year results that are materially behind market expectations. In the Alternative Energy Division, customers have pushed back decision dates on projects. As a conseque
13-Jun-2017 07:34 AM

Pressure Tech. swings to H1 reported pretax loss

Pressure Technologies has swung to an H1 reported pretax loss of £2.6m, from a year-earlier profit of £0.9m. Its revenue for the period was £17.7m, from £16.2m. CEO John Hayward said the company's Manufacturing Divisions wer
14-Feb-2017 01:19 PM

All resolutions passed at Pressure Technologies AGM

Pressure Technologies has announced that, at the Annual General Meeting of the Company held today, all resolutions proposed were duly passed. At 1:19pm: (LON:PRES) Pressure Technologies PLC share price was -3.5p at 197.5p Story provided by StockMar
13-Dec-2016 09:43 AM

Pressure Technologies swings to FY pretax loss

Pressure Technologies has swung to a FY pretax loss of £359,000, from a profit of £1.1m. There was no final dividend, versus 5.6p in 2015. Revenue was £35.8m, from £53.8m. "The year has seen both the rebuilding of our Altern
13-Dec-2016 08:50 AM

Broker Forecast - Cantor Fitzgerald issues a broker note on Pressure Technologies PLC

Cantor Fitzgerald today upgrades its investment rating on Pressure Technologies PLC (LON:PRES) to buy (from hold) and raised its price target to 170p (from 161p). Story provided by StockMarketWire.com...
08-Dec-2016 07:35 AM

Pressure Technologies acquires Martract Ltd

Pressure Technologies has acquired the entire issued share capital of UK-based Martract Ltd, a profitable, cash-generative engineering business that specialises primarily in the grinding and lapping of ball and seat assemblies and gate valves. The maxim
30-Aug-2016 09:10 AM

Broker Forecast - Cantor Fitzgerald issues a broker note on Pressure Technologies PLC

Cantor Fitzgerald today downgrades its investment rating on Pressure Technologies PLC (LON:PRES) to hold (from buy) and left its price target at 161p. Story provided by StockMarketWire.com...
30-Aug-2016 07:22 AM

Pressure Technologies warns on FY results

Pressure Technologies anticipates that its FY results at group level will be a loss, against a market expectation of a profit. "Trading in our three manufacturing divisions, Cylinders, Precision Machined Components and Engineered Products, overall c
14-Jun-2016 09:40 AM

Broker Forecast - Cantor Fitzgerald issues a broker note on Pressure Technologies PLC

Cantor Fitzgerald today reaffirms its buy investment rating on Pressure Technologies PLC (LON:PRES) and cut its price target to 161p (from 195p). Story provided by StockMarketWire.com...
27-Apr-2016 07:25 AM

Pressure Tech warns on FY

Pressure Technologies said it anticipates its FY results will be substantially below current market expectations. It cited the difficult trading conditions in the oil and gas market. The Board has continued to take measures to ensure the Group remains ca
08-Jan-2016 03:19 PM

Pressure Technologies schedules AGM

Pressure Technologies has confirmed that the Group's Annual General Meeting is scheduled to take place on Wednesday 17 February 2016. At 3:19pm: (LON:PRES) Pressure Technologies PLC share price was -3p at 168.5p Story provided by StockMarketWi
15-Dec-2015 01:00 PM

Broker Forecast - Cantor Fitzgerald issues a broker note on Pressure Technologies PLC

Cantor Fitzgerald today reaffirms its buy investment rating on Pressure Technologies PLC (LON:PRES) and raised its price target to 220p (from 195p). Story provided by StockMarketWire.com...
15-Dec-2015 07:34 AM

Pressure Tech's FY pretax profit much lower

Pressure Technologies has booked a FY pretax profit of GBP0.58m, from a year-earlier profit of GBP5.4m. Revenue was GBP55.6m, from GBP54.0m. Administrative expenses totalled GBP12.4m, from GBP7.9m. The outfit's final dividend was unchanged at 5.6p a
10-Nov-2015 07:38 AM

PRES says FY EBIT ahead of views

Pressure Technologies said as a result of strong performances across certain of its divisions, adjusted EBIT will be slightly ahead of market expectations. "This is particularly pleasing given the conditions in our main oil and gas market and reflec
 
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