21 June 2024 - final results
The equipment and tool hire group has announced its final results for the year to 31 March and these have come in below market expectations. Revenue for the year fell to £421m (2023: £441m) but adjusted pre-tax profits fell by 52% to £14.7m (2023: £30.7m). Earnings per share on the same basis fell the same amount to 2.35p (2023: 4.96p), but the dividend for the year was maintained at 2.6p per share. These are disappointing figures but the company faced challenging market conditions during the year and looking forward . . .
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