5 April 2023 - trading update
The UK's leading tools and equipment hire company has issued a trading update for the financial year ending 31 March 2023 and this has confirmed that trading is in-line with expectations. Revenue for the year is expected to be some 14% ahead of last year at £440m, whilst adjusted pre-tax profits are expected to rise by over 8% to £32.5m. Earnings per share should be 5.3p and the dividend could be increased to 2.4p. The company has reported that it has seen some softening in demand over recent weeks . . .
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