Hardman & Co Research: Haydale (HAYD): Cost savings continue, revenue growth encouraging

Hardman & Co Research: Cost savings continue, revenue growth encouraging

Commercial traction is improving, medium-term financial issues have now been addressed, and the refocusing and re-orientating of the business with a major cost-saving programme is progressing well. The long-term risk/reward balance remains favourable, we believe. The markets, though, await clear evidence that the new management team is delivering on its revenue objectives.

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