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An update from Tekmar Group plc ( (GB:TGP) ) is now available.
Tekmar Group plc reported a decrease in revenue to £12.3m for the six-month period ending March 2025, with a gross margin of 29% and an adjusted EBITDA of £(0.7)m. Despite lower than anticipated order intake, the company maintained strong cost control and a visible pipeline exceeding £50m for the second half of the year. Tekmar is focusing on strategic initiatives under Project Aurora, achieving significant cost savings and restructuring its business into two verticals. The company is optimistic about the second half of the year, expecting improved EBITDA and a strong order intake, driven by its robust bidding pipeline and strategic focus on offshore wind and energy services.
More about Tekmar Group plc
Tekmar Group plc is a leading provider of technology and services for the global offshore energy markets, specializing in engineering solutions that support and protect offshore wind farms and other offshore energy assets. With nearly 40 years of experience, the company offers a range of services including geotechnical design, subsea protection, and stability technology. Headquartered in Newton Aycliffe, UK, Tekmar has a global presence with offices and facilities across Europe, Africa, the Middle East, Asia Pacific, and North America.
Average Trading Volume: 105,653
Technical Sentiment Signal: Sell
Current Market Cap: £8.15M
Find detailed analytics on TGP stock on TipRanks’ Stock Analysis page.