HSS stays upbeat

21 June 2023

In a welcome contrast to cautionary sentiments about an economic slowdown in some quarters, HSS released a positive trading update ahead of its annual general meeting today.

The group says it has continued to see positive trading momentum in the first five months of its 2023 financial year and remains on track to deliver full-year adjusted Ebita figures in line with market expectations.

HSS reports continued progress in implementing its ProService platform, an interface designed to enable larger customers to manage their hire, sales and service requirements via a single source. Based on early positive results, its says that overhead investment will be increased to £6.5 million in 2023.

Steve Ashmore, Chief Executive Officer, 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."

HSS will announce its half-year results in September.