REG - Hill & Smith PLC - Trading Update

Hill & SmithAnnouncement

25/01/2023 07:00

For best results when printing this announcement, please click on link below:
http://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20230125:nRSY7370Na&default-theme=true

RNS Number : 7370N  Hill & Smith PLC  25 January 2023

25 January 2023

 

Hill & Smith PLC

Trading Update

Strong trading - full year operating profit ahead of expectations

Hill & Smith PLC ("Hill & Smith" or "the Group"), the international
group creating sustainable infrastructure and safe transport through
innovation, today provides an update on trading for the year ended 31 December
2022.

Trading Update

Based on the strong trading in the last two months of 2022, we now expect full
year operating profit from continuing operations to be ahead of the top end of
current analyst consensus*. In particular, we have seen outperformance in our
US Galvanizing and US based Engineered Solutions businesses.

The Group's preliminary results for the year ended 31 December 2022 are
scheduled to be announced on 8 March 2023.

* Based on company compiled consensus, the Board believes the average market
forecast for 2022 underlying operating profit from continuing operations to be
£91.7m, with a range of £88.6m to £93.3m.

 ENDS

For further information, please contact:

Hill & Smith PLC                                                                                                       Tel:  +44 (0)121 704 7434

Alan Giddins, Executive
Chair
 

Hannah Nichols, Chief Financial Officer

MHP                                                                                                                           Tel:  +44 (0)20 3128 8613

Reg Hoare

Rachel Farrington

Catherine Chapman

 
 

 

Notes to Editors

Hill & Smith PLC creates sustainable infrastructure and safe transport
through innovation. The Group employs c.3,800 people worldwide with the
majority employed by its autonomous, agile, customer focussed operating
businesses based in the UK, USA, Australia, India and Sweden. The Group office
is in the UK, and it is quoted on the London Stock Exchange (LSE: HILS.L).

 

The Group's operating businesses are organised into three main business
divisions:

 

Galvanizing Services: dramatically increasing the sustainability and
maintenance free life of steel products including structural steel work,
lighting, bridges, agricultural and other products for the industrial and
infrastructure markets.

Engineered Solutions: supplying engineered steel and composite solutions with
low embodied energy for a wide range of infrastructure markets including
energy generation and distribution, marine, rail and housing. The division
also supplies engineered pipe supports for the water, power and liquid natural
gas markets and seismic protection solutions.

Roads & Security: supplying products and services to support road and
highway infrastructure including temporary and permanent road safety barriers,
renewable energy lighting and power solutions, Intelligent Traffic Solutions,
street lighting columns and bridge parapets. The security portfolio includes
hostile vehicle mitigation solutions, high security fencing and automated gate
solutions

 

This announcement contains inside information for the purposes of Article 7 of
EU Regulation 596/2014 as it forms part of domestic law of the United Kingdom
by virtue of the European Union (Withdrawal) Act 2018, as amended (together,
"MAR").

The person responsible for making this notification is Alex Henderson.

 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact
rns@lseg.com (mailto:rns@lseg.com)
 or visit
www.rns.com (http://www.rns.com/)
.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our
Privacy Policy (https://www.lseg.com/privacy-and-cookie-policy)
.   END  TSTBIMFTMTATBIJ