Hill & Smith Holdings (HILS)

Sector:

Engineering

Index:

FTSE 250

1,708.00p
   
  • Change Today:
      14.00p
  • 52 Week High: 1,902.00
  • 52 Week Low: 1,256.00
  • Currency: UK Pounds
  • Shares Issued: 79.79m
  • Volume: 63,828
  • Market Cap: £1,362.73m
  • RiskGrade: 132
  • Beta: 1.00

Hill & Smith first-half profits rise; FY outlook lifted

By Michele Maatouk

Date: Wednesday 11 Aug 2021

LONDON (ShareCast) - (Sharecast News) - Transport infrastructure group Hill & Smith said on Wednesday that first-half profit and revenue rose amid a good recovery in trading across all of its divisions, as it upgraded its outlook for the year.
In the six months to the end of June, reported pre-tax profit was up 7% at £20.8m on revenue of £354.2m, ahead 12% on the first half of last year. The company declared a dividend of 12p a share, up from 9.2p.

Hill & Smith said trading in the first half had been "encouraging", with revenue and operating profit growth ahead of the same period last year, which was dented by Covid-related disruption from the middle of March.

The company pointed to a good recovery across its divisions, with the roads sub-division delivering revenue and profit ahead of 2020 and 2019. This reflects continued strong levels of demand for its products in the US and a solid performance in the UK.

"While our security businesses delivered an improved performance compared to the same period last year, the sub-division continued to face challenges due to Covid-19 restrictions on public gatherings and delayed customer projects," it said.

Meanwhile, the utilities division performed well, underpinned by strong demand for engineered composite solutions in the US and a good recovery in demand in engineered supports and UK utilities businesses. As a result, revenues and profits were ahead of 2020 and 2019.

"The group has made a good start to the year and, assuming end markets remain open, we expect FY 2021 underlying operating profit to be slightly ahead of the top of the current analyst forecast range, with a more balanced first half, second half weighting compared to prior years," the company said.

The current analyst forecast range for operating profit is between £81.8m and £84.6m.

"While we continue to face headwinds in raw material cost inflation and labour shortages, our local teams have acted quickly to mitigate the impact and expect to continue to do so."

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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

 

HILS Market Data

Currency UK Pounds
Share Price 1,708.00p
Change Today 14.00p
% Change 0.83 %
52 Week High 1,902.00
52 Week Low 1,256.00
Volume 63,828
Shares Issued 79.79m
Market Cap £1,362.73m
Beta 1.00
RiskGrade 132

HILS Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
50.16% below the market average50.16% below the market average50.16% below the market average50.16% below the market average50.16% below the market average
39.39% below the sector average39.39% below the sector average39.39% below the sector average39.39% below the sector average39.39% below the sector average
Price Trend
65.25% above the market average65.25% above the market average65.25% above the market average65.25% above the market average65.25% above the market average
37.14% above the sector average37.14% above the sector average37.14% above the sector average37.14% above the sector average37.14% above the sector average
Income
37.73% below the market average37.73% below the market average37.73% below the market average37.73% below the market average37.73% below the market average
44.44% above the sector average44.44% above the sector average44.44% above the sector average44.44% above the sector average44.44% above the sector average
Growth
55.42% below the market average55.42% below the market average55.42% below the market average55.42% below the market average55.42% below the market average
6.25% below the sector average6.25% below the sector average6.25% below the sector average6.25% below the sector average6.25% below the sector average

What The Brokers Say

Strong Buy 3
Buy 1
Neutral 1
Sell 0
Strong Sell 0
Total 5
buy
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

HILS Dividends

  Latest Previous
  Interim Final
Ex-Div 02-Dec-21 03-Jun-21
Paid 07-Jan-22 09-Jul-21
Amount 12.00p 17.50p

Trades for 03-Dec-2021

Time Volume / Share Price
16:44 253 @ 1,708.00p
16:35 15,541 @ 1,708.00p
16:29 5 @ 1,702.00p
16:29 19 @ 1,706.00p
16:29 1 @ 1,702.00p

HILS Key Personnel

Chair Alan Giddins
CFO Hannah Nichols
CEO Paul Simmons

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