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HSS Hire ( (GB:HSS) ) has provided an update.
HSS Hire Group plc has implemented a new group structure, separating HSS ProService and The Hire Services Company into standalone businesses, to enhance shareholder value. Despite a challenging market, the company reported a 2% decline in like-for-like revenues, with a gross margin drop due to sales mix changes. Strategic actions, including cost rationalization and leadership restructuring, have positioned HSS for sustainable growth, with a focus on expanding market presence and optimizing operations.
More about HSS Hire
HSS Hire Group plc operates through two distinct businesses: HSS ProService, a leading digital marketplace focused on customer and supplier acquisition, and The Hire Services Company (THSC), which provides tool and equipment hire services in the UK. HSS also has a strong presence in Ireland and is listed on the AIM Market of the London Stock Exchange.
YTD Price Performance: 1.83%
Average Trading Volume: 1,148,025
Technical Sentiment Consensus Rating: Strong Buy
Current Market Cap: £43.43M
See more data about HSS stock on TipRanks’ Stock Analysis page.
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