REG - HSS Hire Group PLC - Trading update and AGM statement

HSS HireAnnouncement

26/06/2024 07:00

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RNS Number : 8656T  HSS Hire Group PLC  26 June 2024

26 June 2024

HSS Hire Group Plc

Trading update and AGM statement

 

"Solid performance alongside continued strategic progress"

 

HSS Hire Group Plc ("HSS" or "the Group") provides the following trading
update ahead of its Annual General Meeting later today.

 

The Group has continued to make strategic progress with both the HSS
ProService and HSS Operations business plans and delivered solid financial
performance for the first five months of FY24 with revenue growth of 4%
compared to the same prior year period despite the impact of the mild winter
on seasonal product performance.

 

While remaining mindful of the macro-environment including the impact of the
upcoming election and after assuming normal levels of seasonal product
performance, HSS anticipates full year Adjusted EBITA to be in line with
market expectations.

 

A further update on the Group's strategy and performance will be provided at
the half year results announcement in September 2024.

 

 

-Ends-

 

Notes to editors

HSS Hire Group plc provides tool and equipment hire and related services in
the UK and Ireland through a nationwide network of Group companies and
third-party suppliers. It offers a one-stop shop for all equipment through a
combination of its complementary rental and re-hire business to a diverse,
predominantly B2B customer base serving a range of end markets and activities.
Over 90% of its revenues come from business customers. HSS is listed on the
AIM Market of the London Stock Exchange. For more information please
see www.hsshiregroup.com (http://www.hsshiregroup.com/) .

 

 

For further information, please contact:

 

 HSS Hire Group plc
 Steve Ashmore, Chief Executive Officer   Tel: 020 3757 9248

 Paul Quested, Chief Financial Officer    Investors@hss.com (mailto:Investors@hss.com)

 David Smith, Director of Group Finance

 Teneo
 Tom Davies                                                         Tel: 07557 491 860

 Giles Kernick                                                      Tel: 020 7420 3155

 Numis Securities (Nominated Adviser and Broker)                    Tel: 020 7260 1000
 Stuart Skinner

 George Price

 

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