(Alliance News) - Tekmar Group PLC on Thursday said it has reached a commercial settlement with an unnamed customer, in relation to legacy defect notifications. Read More
Tekmar Group PLC - Newton Aycliffe, England-based technology and services provider for global offshore energy markets - Pretax loss from continuing operations narrows to GBP4.5 million in the year to September from GBP8.5 million a year prior, despite revenue falling to GBP32.8 million from GBP35.6 million. Bottom line benefits from fall in cost of sales to GBP22.3 million from GBP27.3 million, and lower administrative expenses. A refreshed three-year strategy is in-place under new Chief Executive Richard Turner, focused on achieving greater scale through accelerated profitable organic growth and complementary M&A. Tekmar says the board is actively assessing M&A opportunities and is "encouraged" that the market environment is improving. Believes a reasonable expectation is for earnings before interest, tax, depreciation and amortisation for financial 2025 to be consistent with financial 2024, with Ebitda to be second half weighted. Adjusted Ebitda in the year to September was GBP1.7 million, multiplied from GBP0.6 million a year ago. Read More
(Alliance News) - The following is a round-up of share dealings by London-listed company directors and managers announced this week and not separately reported by Alliance News: Read More
(Alliance News) - Tekmar Group PLC on Monday said it has been awarded a new contract as part of a "landmark project" in the UK, as the firm looks to "outperform an improving and growing market". Read More
(Alliance News) - Tekmar Group PLC on Monday said it expects to report higher adjusted earnings despite a contraction in revenue, citing sub-scale order intake amid a significant improvement in gross profit margin. Read More
Tekmar Group PLC - Darlington, England-based technology and services provider for global offshore energy markets - Announces contract awards worth over GBP1.5 million to deliver specialised offshore grouting services in partnership with Engineering, Procurement, Installation and Commissioning contractors. The projects are located in the Middle East with existing customers. Chief Executive Officer Richard Turner says: "Grouting services are a central part of Tekmar's service offering and growth strategy and we are committed to further expanding our grouting solutions to support offshore infrastructure resilience and client requirements worldwide. These contract awards highlight the customer value of our advanced grouting capabilities and also aligns with the group's goal to drive innovation and sales growth in this critical service line." Read More
(Alliance News) - The following is a round-up of London-listed company director and manager changes announced on Monday and Tuesday and not separately reported by Alliance News: Read More
(Alliance News) - The following is a round-up of London-listed company director and manager changes announced in August so far and not separately reported by Alliance News: Read More
(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Thursday and not separately reported by Alliance News: Read More
(Alliance News) - Tekmar Group PLC shares rose on Monday, after it said it has won a "significant" contract, worth over EUR4 million. Read More
(Alliance News) - The following is a round-up of London-listed company director and manager changes announced on Monday and not separately reported by Alliance News: Read More
(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Wednesday and not separately reported by Alliance News: Read More
(Alliance News) - Tekmar Group PLC on Friday said it has sold Subsea Innovation Ltd for GBP1.9 million. Read More
(Alliance News) - Tekmar Group PLC on Monday said two new contracts have been signed, evidencing the strength of the company's varied energy market offerings. Read More
(Alliance News) - Tekmar Group PLC on Monday said it expects to return to an adjusted profit in the current financial year as it reported a ballooned statutory loss on the back of a goodwill impairment and higher costs. Read More
Tekmar Group PLC - Darlington, England-based provider of technology and services for global offshore energy markets - Wins contract for the design and supply of its flagship Generation 10 cable protection system and associated ancillaries in an "emerging region for offshore wind farm development." The contract covers the first phase of the development, with the contract value for this initial phase over GBP3.5 million. Production of the CPS systems is expected to commence in 2024 for delivery in 2025. Read More
(Alliance News) - Chamberlin PLC on Friday said the business had benefitted from high orders, new clients and an increased focus on commercial development. Read More