StockMarketWire.com - Hill & Smith Holdings has made a good start to the year and trading between 1 January and the end of April was ahead of the expectations, an update ahead of today's annual general meeting says.

Revenue for the period was GBP163.1m (2015: GBP153.2m), a 2% organic increase after adjusting for currency translation and acquisitions/disposals. The positive translational impact of the strengthening of the US dollar and the euro against sterling increased revenue by 3% versus average exchange rates in the first half of 2015. Underlying operating profit and operating margin are ahead of the same period last year.

Looking ahead, group chief executive Derek Muir says: "The Group has delivered a strong start to the year despite mixed end market conditions. Although some markets are expected to remain challenging, 2016 is again expected to be a year of good progress."






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