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An announcement from Hargreaves Services ( (GB:HSP) ) is now available.
Hargreaves Services plc reported significant growth in its interim results for the six months ending November 2024, with a 14% increase in revenue to £125.3 million and a return to profitability for its joint venture HRMS. Strong performance in earthmoving activities bolstered the company’s Services segment, with expectations to exceed revenue forecasts by 10% for the fiscal year ending May 2025. Despite technical planning delays at Blindwells, the company completed a major sale and increased its interim dividend, reflecting robust growth and shareholder value commitment. Hargreaves is also marketing its renewable energy assets and remains optimistic about future performance despite economic challenges in Germany.
More about Hargreaves Services
Hargreaves Services plc is a diversified group delivering services to the environmental, infrastructure, and property sectors, supporting key industries within the UK and South East Asia. The company operates through three business segments: Services, Hargreaves Land, and a joint venture in Germany, Hargreaves Raw Materials Services GmbH (HRMS). Services provide essential support to industries such as energy and manufacturing through materials handling and major earthworks. Hargreaves Land focuses on developing brownfield sites, and HRMS is involved in specialist commodity markets.
YTD Price Performance: 4.53%
Average Trading Volume: 21,192
Technical Sentiment Consensus Rating: Sell
Current Market Cap: £196.5M
See more data about HSP stock on TipRanks’ Stock Analysis page.
