TRADING UPDATES: Ashtead Technology expects annual revenue to rise

Mpac Group PLC – Tadcaster, England-based automation and packaging company - Expects report calender 2022 revenues and underlying profit after tax in line with expectations. According to Mpac Group PLC, order intake for the second half 2022 was substantially higher than the first. This is due to the "resilience" of the healthcare and food and drink end markets. The closing order book for 2022 was GBP69.0million, down from GBP78.4million a year ago. IQE PLC – Cardiff, Wales-based semiconductor wafer product - Expects to experience some destocking within the wider semiconductor industry which could hurt demand from existing customers in 2023's first half. For 2022, revenue is expected to rise 8% from the previous year, when it was GBP154million. It says that the increase is expected "after accounting for the effect of provisions for small numbers of doubtful debts, and the rephasing revenue from one contract between the last quarter of 2022 and the first quarter in 2023". Ashtead Technology Holdings PLC, an Aberdeenshire-based subsea rental company, says the company's strong performance in the first half of the year and the third quarter ended December 31, has continued into the fourth quarter. The company "benefits" from its asset base and services offering and high levels activity in both the offshore wind market and the oil and gas markets. The full-year revenue is expected at GBP72.5million, an increase of 33% over the previous year. MJ Hudson Group PLC – asset-management consultancy company - Says that it is continuing to publish financial 2022 results and will notify shareholders when it is able to. Receives several inbound indications that they are interested in certain business divisions. All divisions continue to trade. ----------- by Xindi Wei (Alliance News reporter) Comments and questions to EMAIL Copyright 20023 Alliance News Ltd. All Rights Reserved