StockMarketWire.com - HSS Hire reported a rise in earnings and revenue in the 39 week period ended 28 September following improved rental revenue and ongoing strength in its services segment.
Adjusted earnings (EBITDA) grew 7.9% to £47m on-year and revenue grew 2.3% to £246.8m
Rental revenue grew 1.5% and services delivered about 10% growth, with utilisation remaining high at 51.3% in its core tool hire and 67.0% in specialist segments, the company said.
'We have made a solid start to the fourth quarter and whilst market headwinds persist, we are confident that we will deliver full-year profit in line with market expectations,' HSS said.
At 9:56am: [LON:HSS] HSS Hire Grp Plc share price was +1.8p at 36.5p
Story provided by StockMarketWire.com
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