REG - Hercules Site Svcs - Trading Update

Hercules Site ServicesAnnouncement

Wed 07:00

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RNS Number : 5810H  Hercules Site Services PLC  07 May 2025

7 May 2025

 

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 and construction sectors, provides a
trading update for the six months ended 31 March 2025, based on unaudited
management accounts for the period.

The Company is pleased to announce it is trading in line with market
expectations, with revenue expected to be more than £54 million for the first
six months of the Company's financial year.

 

This represents an increase of c. 17% on continuing operations compared to the
six months ended 31 March 2024 (£46.2m). The Company's revenue growth has
been underpinned by continuing momentum at key infrastructure sites in the UK,
and boosted by government commitments to the sector, reinforcing the Company's
strategy to focus on its Labour Supply business.

 

Hercules will publish its Interim Results in mid-June.

 

Brusk Korkmaz, Chief Executive Officer, Hercules, commented:

 

"We are delighted with the progress made in the first half of the financial
year. We are trading in line with expectations and have delivered another
period of good revenue growth, supported by a strong operational performance.

 

"The Company saw a significant increase in tender enquiries during Q2 and into
Q3 across the water, highways, rail, power, oil & gas, and energy sectors,
reflecting the growing confidence in UK infrastructure investment.

 

"Notably, we are well-positioned to benefit from the OFWAT approved £104bn
investment in the water sector as AMP8 commences, which presents significant
long-term opportunities for our civil projects and labour supply divisions.

"We remain confident in our strategy, the strength of our team, and our
ability to deliver sustainable growth for the remainder of 2025 and beyond."

 

 

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 (Corporate Finance)

 Grant Barker / Rob Rees (Sales and Broking)

 Cavendish Securities plc (Joint Broker)                                       +44 (0) 20 7397 8900

 Adrian Hadden / Charlie Combe / Dale Bellis (Sales and Broking)

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

 Robin Tozer / Ian Silvera / Nina Renata Pop                       Hercules@secnewgate.co.uk

 

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