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HSS Hire ( (GB:PRO) ) has provided an announcement.
ProService Building Services Marketplace reported resilient revenue of about £248m from continuing operations for the year to 31 March 2026, despite slower-than-expected mobilisation of its supply agreement with Speedy Hire and macroeconomic headwinds in the UK construction sector. Adjusted EBITDA is expected to be at breakeven in line with market expectations, as the group continued its transformation into a pure-play digital marketplace with growing buyer adoption and ongoing investment in AI-driven automation to cut costs and improve platform efficiency.
Trading under its exclusive commercial supply agreement with Speedy Hire is now trending towards initial volume targets, and the board expects the partnership to enhance net margins and be earnings-accretive in the year ending March 2027. The company ended the period with £27.2m of net debt and is in protracted talks to refinance £40.9m of bank facilities due in September 2026, with completion now expected by end-August, while management guides to a cautious outlook for FY27, forecasting underlying EBITDA of £9m to £12m amid a volatile UK economic backdrop.
Spark’s Take on PRO Stock
According to Spark, TipRanks’ AI Analyst, PRO is a Neutral.
HSS Hire’s overall stock score is primarily impacted by its poor financial performance and weak technical indicators. The company’s high leverage and declining profitability are significant concerns. The technical analysis suggests bearish momentum, and the negative P/E ratio highlights valuation challenges. The absence of earnings call data and corporate events means these factors do not influence the score.
To see Spark’s full report on PRO stock, click here.
More about HSS Hire
ProService Building Services Marketplace, formerly HSS Hire Group, is a technology-driven, asset-light digital marketplace focused on buyer and seller acquisition in the building services sector. Its scalable platform offers a wide range of services, including equipment hire, resale, materials and training, targeting construction and related markets with a pure-play marketplace proposition.
Average Trading Volume: 452,087
Technical Sentiment Signal: Sell
Current Market Cap: £31.14M
For detailed information about PRO stock, go to TipRanks’ Stock Analysis page.