Hill & Smith sees 'strong' trading in UK and US
By Iain Gilbert
Date: Thursday 21 Nov 2019
(Sharecast News) - Infrastructure products and galvanizing services provider Hill & Smith told investors on Thursday that its 2019 trading performance looked set to be in line with market expectations.
Hill & Smith said it had continued to see "strong" trading in its core UK and US markets, with group revenues for the period increasing by 8.0% to £243.6m.
Underlying group operating profits were also ahead of the same period last year but H&S cautioned that it had continued to face challenges within its Scandinavian business.
During the period, H&S completed its acquisition of Tamworth, UK-based company Parking Facilities for £12.4m on a debt and cash-free basis, with trading so far said to have been "encouraging".
The FTSE 250-listed group will publish its preliminary results for the year ending 31 December 2019 on 4 March 2020.
As of 0825 GMT, Hill & Smith shares had dipped 2.33% to 1,339p.
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10 Lower Thames St,
London EC3R 6EN