HSS Hire Group PLC on Wednesday said it has continued to see ‘positive’ trading momentum and remains on track to deliver full-year results
The Manchester-based tool and equipment rental firm said it has continued to see ‘positive’ trading momentum in the first five months of 2023. Based on this, it remains on track to deliver full-year adjusted earnings before interest, tax, depreciation and amortisation in line with market expectations.
It added that its ProService’s strategy implementation continues to ‘progress well.’ Based on the early results of these strategic initiatives, overhead investment will be increased to £6.5 million in 2023, it added.
A further update on the company’s strategy and performance will be provided at HSS’s half year results in September 2023.
Chief Executive Officer Steve Ashmore said: ‘We are very pleased with the group’s progress in 2023, both in terms of financial performance and the implementation of our strategy. While we are mindful of recent commentary regarding a slowdown in certain sectors, we are confident that our unique technology-driven proposition and flexible cost-base will enable us to manage any headwinds and deliver on market expectations for 2023.’
Shares in HSS were untraded at 13.75 pence each in London early Wednesday.
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