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Real-Time news about Hansen Tran. (London Stock Exchange): 0 recent articles
|seekerofvalue: From yesterday's Guardian.
"Hansen Transmission, which makes components for windpowered equipment, rose 2.03p to 48.94p on hopes that any move away from nuclear in the wake of the Japan disaster would benefit renewables. At the same time Peel Hunt issued a buy note, saying:
Hansen has a strong market position, momentum from new product launches, and useful exposure to India and China. There may be no profit for a while, but the share price recently touched a 50% discount to book value (comprising tangible assets). We believe such capitulation by investors marks an opportunity".|
|mkwng: if you looking this year, trade line draw show,
support share price will at 31-35p area.
any news? please...|
|masurenguy: Still finding markets 'challenging' ! Share price still in downward trend - almost a 75% decline over the past 2 years. No real evidence of any turnaround yet - no position, still watching from the sidelines !
Edegem, Belgium - London, UK - 17 May, 2010 - Hansen Transmissions International NV today announces its results for the 3 months ended 31 March 2010 and for the 12 months ended 31 March 2010.
HIGHLIGHTS FINANCIAL YEAR 2010
* Revenue decline of 12.6%, in line with adjusted guidance of approximately
15% revenue decline given on 20 January 2010
* EBITDA1 margin at 7.8% (financial year 2009:15.4%) up from 6.0% for the
first half of the financial year. Net loss of 8.6 million EUR, compared to
net profit of 45 million EUR for last year
* Net financial debt at 129 million EUR on 31 March 2010 - reduction of 59
million EUR in the last quarter of the financial year, as a result of
intensified working capital management & careful deployment of expansion
* Consolidated Net Senior Debt / EBITDA1 of 3.42 x at 31 March 2010, well
within the renegotiated covenant level of 5.25 x for that period
* Actively managing phasing of capacity expansion plan while maintaining a
target of delivering 14,300 MW of capacity in financial year 2013. Reduced
capex in FY 2010 and FY 2011 to better align with anticipated customer
* Ongoing management of fixed cost base and continued operational efficiences
* Further diversification of the customer base; Hansen announces today a
contract with Sinovel, a leading Chinese wind turbine manufacturer
* Tentative signs of recovery in a market environment that remains
challenging, with Hansen continuing to be well-positioned with its growing
portfolio of major customers
Alex De Ryck, CEO of Hansen commented:"At the core of Hansen's strategy is our mission to reduce the kWh cost of renewable energy. We remain confident in the strong medium-term outlook for the global renewable energy market and although the past year has been challenging, we are beginning to see the first signs of recovery. We believe this trend will start to gain strength during the second half of the calendar year. We are in a strong position to benefit from the improving markets with well-invested state-of-the-art manufacturing capacity, an optimized supply chain and a restructured fixed cost base."
Since early 2009, the volatility and challenges affecting the near term wind market have been reflected in Hansen's financial results. This trend has continued and Hansen believes the operating environment will remain challenging. While the order book has seen significant rescheduling, our ongoing dialogue with customers continues to suggest some optimism for improving industry investment from the second half of the 2010 calendar year.
Hansen expects the first quarter of the financial year 2011 to be in line with the last quarter of financial year 2010 and revenue for the financial year 2011 to be back-end loaded. Against this backdrop, we expect to see revenue growth for the full financial year 2011 of around 5% to 10%, compared to the financial year 2010.
Our expansion plans are phased and we remain both operationally and financially flexible in the continued execution of our growth strategy. From our strategy of profitable growth, we will continue to diversify our customer base and to carefully deploy capital to meet their capacity requirements. Our confidence in the medium and longer-term fundamentals of the wind industry remains unchanged and we continue to be well positioned with a growing portfolio of major customers.
|rochester14: Hi all, can someone please explain to me why this share has lept today and what does the stabalisation notice mean to the share price ?? muchas gracias !|
Hansen Tran. share price data is direct from the London Stock Exchange