HSS Hire (GB:HSS) has released an update.
Confident Investing Starts Here:
- Quickly and easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions
- Receive undervalued, market resilient stocks straight to you inbox with TipRanks' Smart Value Newsletter
HSS Hire Group PLC reports a revenue increase of 5% to £349.1m for the fiscal year 2023, despite a challenging market environment. Adjusted profit before tax saw a significant decline of 43% to £11.9m, and the company’s net debt leverage increased. The firm remains confident in its technology-driven strategy for future growth, as evidenced by the 12% growth in Services revenue and the expansion of its marketplace platform.
For further insights into GB:HSS stock, check out TipRanks’ Stock Analysis page.