REG - Hercules Site Svcs - Trading Update

Hercules Site ServicesAnnouncement

16/05/2023 07:00

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RNS Number : 4662Z  Hercules Site Services PLC  16 May 2023

16 May 2023

 

Hercules Site Services plc

 

("Hercules" or "the Company")

Trading Update

 

Hercules Site Services plc (AIM: HERC), a leading technology enabled labour
supply company for the UK infrastructure sector, is pleased to provide a
trading update for the six months ended 31 March 2023, based on unaudited
management accounts for the period.

The Company is trading in line with market expectations for the full year to
30 September 2023, with revenue expected to be over £37 million for the first
six months. This represents an increase of c. 85% on the six months to 31
March 2022 (£19.9m). All income streams grew, each with their own individual
drivers, underpinned by the substantial demand in the infrastructure sector.

 

Hercules will publish its Interim Results on 5 June 2023. On the same day, CEO
Brusk Korkmaz and CFO Paul Wheatcroft will deliver a live presentation
regarding the Company's Interim Results via the Investor Meet Company platform
at 09:30a.m (BST). Further details can be found below.

 

Brusk Korkmaz, Chief Executive Officer, commented:

 

"During the period we have delivered strong revenue growth, new clients and
opened doors to exciting new sales opportunities. While we are not immune to
inflationary pressures, with trading in line with expectations, and strong
momentum being experienced in the construction and infrastructure sectors, we
look forward to the next six months with confidence."

 

Investor Meet Company Webinar

 

The presentation is open to all existing and potential shareholders. Questions
can be submitted pre-event via the Investor Meet Company dashboard up until
9.00 a.m. on 4 June or at any time during the live presentation.

 

Although the Company may not be in a position to answer every question it
receives, it will address the most prominent within the confines of
information already disclosed to the market. Responses to the Q&A from the
live presentation will be published at the earliest opportunity on the
Investor Meet Company platform.

 

Investor feedback can also be submitted directly to management post-event to
ensure the Company can understand the views of all interested parties.

 

Investors can sign up to Investor Meet Company for free and add to meet
Hercules Site Services plc via:

 

https://www.investormeetcompany.com/hercules-site-services-plc/register-investor

 

Investors who already follow Hercules Site Services plc on the Investor Meet
Company platform will automatically be invited.

 

For further information and enquiries, please contact:

 

 Hercules Site Services plc                                                             c/o SEC Newgate

 Brusk Korkmaz (CEO)

 Paul Wheatcroft (CFO)

 SP Angel (Nominated Adviser and Broker)                                           +44 (0) 20 3470 0470

 Matthew Johnson / Adam Cowl / Harry Davies-Ball (Corporate Finance)

 Grant Barker / Rob Rees (Sales and Broking)

 SEC Newgate (Financial Communications)                                           +44 (0) 20 3757 6882

 Elisabeth Cowell / Ian Silvera / Matthew Elliott                      Hercules@secnewgate.co.uk

 

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