Ashtead (GB:AHT) has released an update.
Ashtead Group PLC reported a robust year with a 12% increase in group revenue to $10,859m and a 5% rise in operating profit to $2,654m, despite a slight dip in adjusted profit before taxation to $2,230m due to higher interest expenses and increased average debt levels. The company saw significant investment in its growth, pouring $4.3bn into capital and $905m into 26 bolt-on acquisitions, adding 113 locations in North America. The firm remains confident in capturing opportunities presented by strong North American markets and its strategic Sunbelt 4.0 growth plan.
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