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The engineer will update the market on 28 February regarding its work in the electric vehicle industry
Thursday 22 Feb 2018 Author: Steven Frazer

There’s been an impressive change of fortunes for engineering and environmental consultancy Ricardo (RCDO) with a record
order book worth in excess of £290m at the end of 2017.

Encouragingly, much of this new business is stemming from battery developments and the wider shift to electric vehicles.

Order intake for electric or hybrid vehicles in the second half of 2017 represented 24% of total order intake. That’s a significant step up from the 17% figure for the year to 30 June 2017.

Half year results on 28 February will give Ricardo another chance to convince investors that it is no longer solely focused
on combustion engines.

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