John Wood, Harland & Wolff CEO gives London South East an in-depth operational update

London South East were delighted to host John Wood, CEO at Harland & Wolff, the AIM-listed, ship repair, shipbuilder and energy renewables manufacturer at our April IR Webinar held online Tuesday 25.04.2023.

Harland operate across four sites in the UK, at Belfast, Appledore, Methil and Arnish. Harland & Wolff delivered it’s first newbuild vessel in 20 years last week as it launched the first barge for Cory Group, with 22 more to follow, part of an £18M contract.

This is a stepping stone to the massive £1.6 billion pound defence contract for three Fleet Solid Support vessels which Harland won recently as part of a consortia with Navantia UK and naval architects BMT.

John told us that Harland expect to receive £900M revenues from the FSS subcontract over 7 years
The Islandmagee Judicial Review begins on May 4 and that they remain confident of getting the go-ahead for the Gas/Hydrogen storage project
John told us that the 4M Saipam bond was returned in full
That the company hope to complete a 200M syndicated debt facility by the end of June, and had hoped to do so sooner
John hopes to reach £500M revenues by 2025

John presents to slides for the first 20 minutes and is interviewed and takes Q&A for the second 20 minutes.

Alex Stanbury. CEO at Technology Minerals and Kleber Cardoso, CFO at Aura Minerals also presented at the London South East webinar and those interviews are available on #LondonSouthEast You Tube.

#HARL #AIM #Defence #Shipbilding #ShipRepair #Cruise #Renewables #Appledore #Belfast #Harland&Wolff #Methil #Arnish #JohnWood