Velocity Composites plc

VEL

GB00BF339H01

Aerospace & Defense

Market Closed - London S.E. Other stock markets 16:35:11 17/07/2024 BST			5-day change	1st Jan Change
45.2 ^GBX	+0.44%		+8.92%	+23.84%

07-09	Velocity Composites "on track" after interim revenue surges 54%	AN
07-09	Velocity Composites plc Reports Earnings Results for the Half Year Ended April 30, 2024	CI

Velocity Composites plc Reaffirms Group Earnings Guidance for the Fiscal Year 2024

July 09, 2024 at 07:00 am

Velocity Composites plc reaffirmed group earnings guidance for the fiscal year 2024. Group guidance for fiscal year 2024 remains unchanged, with second half revenue attributable to inflationary price rises for existing contracts taking effect and production rates increasing in the US facility.

Latest news about Velocity Composites plc

Velocity Composites "on track" after interim revenue surges 54%	07-09	AN
Velocity Composites plc Reports Earnings Results for the Half Year Ended April 30, 2024	07-09	CI
Velocity Composites plc Reaffirms Group Earnings Guidance for the Fiscal Year 2024	07-09	CI
Velocity Composites Confirms Appointment of Robert Smith as Director	06-03	CI
EARNINGS AND TRADING: Adnams toasts increase in sales but loss widens	05-22	AN
Velocity Composites reports US contract is on track; names new CFO	03-11	AN
Velocity Composites plc Announces Chief Financial Officer Changes	03-11	CI
Velocity Composites plc Announces the Appointment of Robert Smith to the Board of the Company as Company Secretary, with Effect from 3 June 2024	03-11	CI
Velocity Composites plc Provides Update on US Contract and OEM Approvals	03-11	CI
Velocity Composites loss widens as costs and expenses jump	01-23	AN
Earnings Flash (VEL.L) VELOCITY COMPOSITES Reports FY23 Revenue GBP16.4M	01-23	MT
Earnings Flash (VEL.L) VELOCITY COMPOSITES Posts FY23 Loss GBP-0.08	01-23	MT
Velocity Composites plc Reports Earnings Results for the Full Year Ended October 31, 2023	01-23	CI
Velocity Composites Group Finance Director Departs; Interim CFO Named	23/08/23	MT
Velocity Composites finance director steps down; taps interim CFO	23/08/23	AN
Velocity Composites plc Announces CFO Changes	23/08/23	CI
Velocity Composites plc Announces Directorate Change	23/08/23	CI
FTSE 100 Reaches One-Month Low as China Weakness; UK Wages Surge	15/08/23	DJ
Velocity Composites raises GBP190,000 from another fundraise	15/08/23	AN
Marks & Spencer Seen Entering Growth Cycle	15/08/23	DJ
AIM WINNERS & LOSERS: Abingdon Health rolls out Salistick in Tesco	15/08/23	AN
Velocity Composites' retail offer closes; raises GBP199,000	14/08/23	AN
Velocity Composites shares drop on GBP6.7 million discounted fundraise	09/08/23	AN
AIM WINNERS & LOSERS: CyanConnode wins order; Enteq shares jump	09/08/23	AN
Velocity Composites Secures Fresh Funds via Equity Raise; Stock Drops 8%	09/08/23	MT

Chart Velocity Composites plc

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Company Profile

Velocity Composites plc is a United Kingdom-based supplier of composite material kits to aerospace and other high-performance manufacturers. The Company manufactures advanced carbon fiber and ancillary material kits for use in the production of aircraft. Its services include structural pre-preg kits; engineered vacuum bag material kits; honeycomb, core potting compounds and co-bonded materials; process & tooling aids, and engineering support services. The Company offers full ply generation, shape management and configuration control, life management, cutting and supply service utilizing cutting, nesting and identification equipment. Its engineered vacuum bag material kit includes various products, such as simple cut shapes, complex cut shapes with identification marks, 3D nylon welded vacuum bags, dedicated vacuum tracks and complex sub-assemblies. The Company specializes in managing a whole range of other materials such as metallic and non-metallic honeycomb, foam core and others.

Sector

Aerospace & Defense

Calendar

27/01/2025 - Q4 2024 Earnings Release (Projected)

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Income Statement Evolution

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Analysts' Consensus

Sell

Buy

Mean consensus

BUY

Number of Analysts

Last Close Price

0.452 GBP

Average target price

0.77 GBP

Spread / Average Target

+70.35%

Consensus

EPS Revisions

Estimates Revisions

Annual profits - Rate of surprise

Company calendar

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