Harland & Wolff Group Holdings (LON: HARL) is a multisite fabrication company which provides offshore and maritime engineering services in the United Kingdom and internationally. The company operates through five key markets: commercial, cruise and ferry, defence, energy and renewables and specialises in a number of technical services within these industries.
Since it was founded in 1861, Harland & Wolff has grown its operations significantly, employing over 400 workers. However, the company’s success in the offshore and maritime engineering services market has not been reflected in its share price. The value of its stock peaked in 2008, in the midst of the Global Financial Crisis, but has suffered consistent losses ever since then. Thus far in 2022, Harland & Wolff shares are down almost 25%. We look at whether the remainder of 2022 can prove to be a turning point in the company’s fortunes.
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