This morning’s First Half Trading Update announced by Hunting (LON:HTG), the precision engineering group, showed a 16% increase in its year-on-year growth to EBITDA of some $69m.
The group’s order book is slightly ahead at around $450m ($439m) whilst it has a tender pipeline of some $1.1bn.
The Directors remain comfortable with full year EBITDA guidance of c.$135-$145m, in line with market expectations.
The group’s year-end total cash and bank position is expected to be in the $65m-$75m range.
CEO Jim Johnson stated that:
"Hunting has taken a significant ste...
