HSS Hire (GB:HSS) has released an update.
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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.