Ashtead Technology cuts 2026 outlook as project delays hit trading

Tech Hardware & Electrical Equipment Written by: Ephrem Joseph 07:34 Thu 20 Aug 2026 --> Disclaimer No investment advice About this content Editorial Standards & Policies Share article About this content × About Ephrem Joseph Ephrem began his journalistic journey at Proactive in June 2021. With a strong academic background in Information Technology, his expertise particularly lies in the field of Cyber Security, Management Information Systems and Computer Forensics. Before joining Proactive, Ephrem worked as a researcher and lecturer at a number of leading universities, including the University of Portsmouth's Institute of Criminal Justice Studies, the University of Winchester’s Institute of Policing, and Jain... Read more About the publisher Proactive financial news and online broadcast teams provide fast, accessible, informative and actionable business and finance news content to a global investment audience. All our content is produced independently by our experienced and qualified teams of news journalists. Proactive news team spans the world’s key finance and investing hubs with bureaus and studios in London, New York, Toronto, Vancouver, Sydney and Perth. We are experts in medium and small-cap markets, we also keep our community up to date with blue-chip companies, commodities and broader investment stories. This is content that excites and engages motivated private investors. The team delivers news and unique insights across the market including but not confined to: biotech and pharma, mining and natural resources, battery metals, oil and gas, crypto and emerging digital and EV technologies. Use of technology Proactive has always been a forward looking and enthusiastic technology adopter. Our human content creators are equipped with many decades of valuable expertise and experience. The team also has access to and use technologies to assist and enhance workflows. Proactive will on occasion use automation and software tools, including generative AI. Nevertheless, all content published by Proactive is edited and authored by humans, in line with best practice in regard to content production and search engine optimisation. Ashtead Technology Holdings PLC ( AIM:AT. ) View Price & Profile Ashtead Technology cuts 2026 outlook as project delays hit trading Published: 07:34 20 Aug 2026 BST Ashtead Technology Holdings PLC (AIM:AT.) has cut its 2026 revenue and profit expectations after project delays in the Middle East, Europe and the Americas disrupted second-half trading. The subsea technology group now expects full-year revenue to be around 5% below current market consensus, while adjusted EBITA is forecast to come in around 15% below consensus. Ashtead says the continued conflict in the Middle East had resulted in several projects previously scheduled for the second half of 2026 being postponed until 2027. Broader economic uncertainty and changes to vessel scheduling have also caused delays to projects, particularly in Europe and the Americas. The company had warned in a trading update on 15 July that meeting full-year market expectations depended on an easing of the Middle East conflict and no major changes to project schedules. It said the deferral of rental revenue would also negatively affect the group’s revenue mix during 2026. Combined with the operating leverage in the business, this is expected to result in lower margins. Despite the weaker near-term profit outlook, Ashtead's balance sheet remained strong, with leverage expected to be around 1.3 times at the end of the year. The board said continued customer backlog and an increased focus on energy security supported its confidence in the group’s longer-term growth strategy. Continue reading