Ashtead Technology forecasting full year revenue increase of 30%

Ashtead Technology is forecasting a buoyant balance sheet after a “strong performance” in 2021.

The Aberdeenshire subsea equipment provider benefitted from “improving market conditions” last year in both offshore wind and oil and gas.

As a result its full year revenue is expected to be around £55 million, up 30% on 2020 and ahead of previous guidance.

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Photo Credit: Energy Voice.