Hydro International PLC (LON: HYD) – may have avoided a storm but ....
The global supplier of environmentally sustainable products and innovative solutions for the control and treatment of stormwater, wastewater and combined sewer overflows goes into 2013 with less orders and increasing uncertainty.
The business operates across two segments, Wastewater products are used for the screening, grit removal, primary, secondary and tertiary treatment of wastewater, making up 70% of group revenue and 82% of group profit. The remainder is made up by Stormwater who provides products offering low energy solutions for the control of stormwater flows, and the removal of pollutants from these flows for application in urban drainage systems. On the upside Hydro is financially sound with a relatively strong balance sheet. However, going forward higher revenues are set against falling margins and in the H1 2012 a decline in operating profits.…