23 June 2023
Harland & Wolff Group Holdings plc
("Harland & Wolff" or the "Company")
Annual Results Update
Harland & Wolff Group Holdings plc (AIM: HARL), the UK quoted company focused on strategic infrastructure projects and physical asset lifecycle management, announces that the Company intends on issuing its annual report for the financial year ended 31 December by the end of June 2023.
Whilst the Company is currently completing its group audit, unaudited revenues for the FY 2022 were £27.96 million and a loss for the year at £70.35 million. Further details on the audited group financial statements will be made available in the annual report.
The Company has made significant progress on its group refinancing and it now envisages the transaction to close in early autumn of the current financial year. The Company has taken this opportunity to bring down the cost of capital substantially (into single digits) through this proposed transaction. Further details will be provided in due course.
Finally, the Company remains on track to meet its FY 2023 revenue guidance.
For further information, please visit www.harland-wolff.com or contact:
| Harland & Wolff Group Holdings plc John Wood, Chief Executive Officer Seena Shah, Head of Marketing & Communications
| +44 (0)20 3900 2122 |
| Cenkos Securities plc (Nominated Adviser & Broker) Stephen Keys / Callum Davidson / Dan Hodkinson (Corporate Finance) Michael Johnson (Sales)
| +44 (0)20 7397 8900 |
| Liberum Capital Limited (Joint Broker) Nicholas How / Edward Mansfield / Lucas Bamber / Antonia Brown
| +44 (0)20 3100 2000 |
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