Share Name Share Symbol Market Type Share ISIN Share Description
Harland & Wolff Group Holdings Plc LSE:HARL London Ordinary Share GB00BLPJ1272 ORD 1P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  -0.95 -4.47% 20.30 20.00 20.30 21.25 20.15 21.25 5,182,381 16:35:29
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Gas Water & Utilities 18.5 -25.5 -26.5 - 19

Harland & Wolff Group Holdings PLC Contract Win

23/08/2022 7:00am

RNS Non-Regulatory


Harland & Wolff Group Holdings PLC

23 August 2022

23 August 2022

Harland & Wolff Group Holdings plc

("Harland & Wolff", the "Company" or the "Group")

Largest Export Contract Award to Date for Harland & Wolff (Arnish)

Harland & Wolff Group Holdings plc (AIM: HARL), the UK-quoted company focused on strategic infrastructure projects and physical asset lifecycle management, is pleased to announce that its Arnish yard (Harland & Wolff (Arnish)) has been awarded an export contract for the fabrication of eight ground anchor and A-space frames by a Greenland-based mining company.

The full scope of work will include four ground anchor frames and four A-space frames as well as other steel components. The frame components will make up part of the barge mooring system located at the Greenland based mine and will allow the barges to moor at the quayside.

Work on the project is due to commence in September 2022, with final delivery by April 2023 and revenues derived from this contract are included within existing market forecasts.

John Wood, Group Chief Executive Officer commented: "We are delighted that we have been trusted to deliver critical components for this mining infrastructure project. Selected for its location and extensive on-site capability, this is the Arnish yard's first export project within the mining sector. Further supporting the Group's multi-market strategy, Harland & Wolff (Arnish) has now delivered components in the nuclear, renewables, marine and oil and gas sectors in 2022 alone. We now look forward to delivering these key mining components over the next ten months and to a long prosperous partnership."

   For further information, please visit    or contact: 
 Harland & Wolff Group Holdings plc                 +44 (0)20 3900 
  John Wood, Chief Executive Officer                 2122 
  Seena Shah, Head of Marketing & Communications 
 Cenkos Securities plc (Nominated Adviser 
  & Broker) 
  Stephen Keys / Callum Davidson / Dan 
  Hodkinson (Corporate Finance)                     +44 (0)20 7397 
  Michael Johnson (Sales)                            8900 

About Harland & Wolff

Harland & Wolff is a multisite fabrication company, operating in the maritime and offshore industry through five markets: commercial, cruise and ferry, defence, energy and renewables and six services: technical services, fabrication and construction, decommissioning, repair and maintenance, in-service support and conversion.

Its Belfast yard is one of Europe's largest heavy engineering facilities, with deep water access, two of Europe's largest drydocks, ample quayside and vast fabrication halls. As a result of the acquisition of Harland & Wolff (Appledore) in August 2020, the company has been able to capitalise on opportunities at both ends of the ship-repair and shipbuilding markets where there will be significant demand.

In February 2021, the company acquired the assets of two Scottish-based yards along the east and west coasts. Now known as Harland & Wolff (Methil) and Harland & Wolff (Arnish), these facilities focus on fabrication work within the renewables, energy and defence sectors.

In addition to Harland & Wolff, it owns the Islandmagee gas storage project, which is expected to provide 25% of the UK's natural gas storage capacity and to benefit the Northern Irish economy as a whole when completed.

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(END) Dow Jones Newswires

August 23, 2022 02:00 ET (06:00 GMT)

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