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Tekmar – interims emphasising ‘positive adjusted EBITDA’, but what does it really mean?…

By Steve Moore | Wednesday 21 June 2023


Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.


Describing itself as “a leading provider of technology and services for the global offshore energy markets”, Tekmar Group (TGP) has announced results for its half year ended 31st March 2023, emphasising that it “can look forward now with real confidence to leveraging our lead position as the market accelerates its investment in offshore wind”. So what of a share price currently up towards 11p in response, though still down from above 17p even early this year?
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