Haydale Graphene Industries PLC Post Period End Trading Update (8714S)
19 Juli 2022 - 8:00AM
UK Regulatory
TIDMHAYD
RNS Number : 8714S
Haydale Graphene Industries PLC
19 July 2022
This announcement contains inside information.
For immediate release 19 July 2022
Haydale Graphene Industries plc
('Haydale' or the 'Group')
Post period end trading update
Haydale, (AIM: HAYD), the global advanced materials group,
announces a trading update for the year ended 30 June 2022 (the
"Year" or "FY2022").
The Group now anticipates, subject to audit, announcing revenues
for the Year ahead of prior expectations at approximately GBP2.90
million with gross profit of approximately GBP1.74 million and
LBITDA marginally behind prior guidance at GBP3.35 million. Capital
Expenditure in the Year was GBP1.00 million and Year end cash stood
at GBP1.19 million.
As previously indicated, the commercial momentum from the second
half of the Year is expected to accelerate into the new financial
year with both an increased customer and product portfolio
contributing to this. Against this increase, the annualised impact
of the investment in sales, marketing, quality and production
resource during FY2022 alongside the inflationary cost pressures we
are seeing at our operating units will partly offset the expected
uplift in revenue at the LBITDA level. We anticipate that the
current year LBITDA will be smaller than FY2022 but not to the
extent previously expected.
Notwithstanding this, with the significant increase that the
HT1400 has delivered to the Group's functionalisation capacity
combined with the investment made in human capital the Board
remains confident that it has the fundamental building blocks in
place to take advantage of the commercial traction it is seeing.
The Board remain confident in the medium and longer term prospects
for the Group .
For further information:
Haydale Graphene Industries plc
Keith Broadbent, CEO Tel: +44 (0) 1269 842 946
Mark Chapman, CFO
www.haydale.com
finnCap (Nominated Adviser & Broker)
Julian Blunt/Edward Whiley, Corporate
Finance Tel: +44 (0) 20 7220 0500
Andrew Burdis, ECM
Notes to Editors
Haydale is a global technologies group and service provider that
facilitates the integration of graphene and other nanomaterials
into the next generation of industrial materials and commercial
technologies. With expertise in graphene, other nanomaterials and
Silicon Carbide, Haydale is able to deliver improvements in
electrical, thermal and mechanical properties, Haydale has been
granted patents for its technologies in Europe, USA, Australia,
Japan and China and operates from five sites in the UK, USA and
East Asia. For more information please visit: www.haydale.com or
Twitter: @haydalegraphene
Caution regarding forward looking statements
Certain statements in this announcement, are, or may be deemed
to be, forward looking statements. Forward looking statements are
identi ed by their use of terms and phrases such as "believe",
"could", "should" "envisage", "estimate", "intend", "may", "plan",
"potentially", "will" or the negative of those, variations or
comparable expressions, including references to assumptions. These
forward-looking statements are not based on historical facts but
rather on the Directors' current expectations and assumptions
regarding the Company's future growth, results of operations,
performance, future capital and other expenditures (including the
amount, nature and sources of funding thereof), competitive
advantages, business prospects and opportunities. Such forward
looking statements re ect the Directors' current beliefs and
assumptions and are based on information currently available to the
Directors.
A number of factors could cause actual results to differ
materially from the results discussed in the forward-looking
statements including risks associated with vulnerability to general
economic and business conditions, competition, environmental and
other regulatory changes, actions by governmental authorities, the
availability of capital markets, reliance on key personnel,
uninsured and underinsured losses and other factors, many of which
are beyond the control of the Company. Although any forward looking
statements contained in this announcement are based upon what the
Directors believe to be reasonable assumptions, the Company cannot
assure investors that actual results will be consistent with such
forward looking statements. Accordingly, readers are cautioned not
to place undue reliance on forward looking statements. Subject to
any continuing obligations under applicable law or any relevant AIM
Rule requirements, in providing this information the Company does
not undertake any obligation to publicly update or revise any of
the forward looking statements or to advise of any change in
events, conditions or circumstances on which any such statement is
based.
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