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On the up - Harland & Wolff Group Annual Report

Highlights include a 200% increase in cash generating projects, a whopping 9,900% increase in revenue streams, a 400-strong workforce shows a 400% increase in employees, and 400% increase in contracted future revenues of £20million.

Harland & Wolff Group Holdings plc, the London Stock Exchange-listed firm focused on strategic energy infrastructure, fabrication, shipbuilding and vessel repairs, has announced that its Annual Report and audited financial statements for the 17-month period ended 31 December 2021 have been published. The annual report is available via the Harland & Wolff website.

The company (formerly Portland Gas plc) demerged from Egdon Resources plc on 16th January 2008 and was admitted to the AIM market on 17th January 2008. Following this, its name changed to InfraStrata plc on 15th December 2009 and in September 2021, its name changed to Harland & Wolff Group Holdings plc to better reflect its ambition in expanding its core business and the significant development of its shipbuilding and fabrication activities. Harland & Wolff Group Holdings plc is incorporated in the UK, which is its main country of operation.

Harland & Wolff is a multisite fabrication company, operating in the maritime and offshore industry through five markets: commercial, cruise and ferry, defence, energy and renewables and six services: technical services, fabrication and construction, decommissioning, repair and maintenance, in-service support and conversion.

Its Belfast yard is one of Europe’s largest heavy engineering facilities, with deep water access, two of Europe’s largest drydocks, ample quayside and vast fabrication halls. As a result of the acquisition of Harland & Wolff (Appledore) in August 2020, the company has been able to capitalise on opportunities at both ends of the ship-repair and shipbuilding markets where there will be significant demand.

In February 2021, the company acquired the assets of two Scottish-based yards along the east and west coasts. Now known as Harland & Wolff (Methil) and Harland & Wolff (Arnish), these facilities will focus on fabrication work within the renewable, energy and defence sectors.
Harland & Wolff is a wholly owned subsidiary of Harland & Wolff Group Holdings plc (previously known as InfraStrata plc), a London Stock Exchange-listed firm. In addition, it also owns the Islandmagee gas storage project, which is expected to provide 25% of the UK’s natural gas storage capacity and to benefit the Northern Irish economy as a whole when completed.


Exhibitor; Harland & Wolff
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