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| Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
|---|---|---|---|---|---|
| Hss Hire Group Plc | LSE:HSS | London | Ordinary Share | GB00BVFD4645 | ORD GBP0.01 |
| Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.54 | 6.75% | 8.54 | 8.34 | 8.74 | 9.34 | 8.70 | 9.34 | 998,188 | 16:35:15 |
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| Equip Rental & Leasing, Nec | 332.78M | 20.48M | 0.0290 | 3.01 | 61.62M |
From Apr 2019 to Apr 2024
TIDMHSS
RNS Number : 1419A
HSS Hire Group PLC
22 March 2017
22 March 2017
HSS Hire Group plc
Restatement of historic segmental trading results for HSS Hire Group plc and Hero Acquisitions Limited
Following the change in HSS Hire Group plc's segmental reporting format, first adopted in the interim results released in August 2016, this announcement provides the market with a restatement of historic segmental data in this new format.
Restated segmental results for HSS Hire Group plc
The tables below provide the restated segmental financial results for HSS Hire Group plc for the 26 week period ended 27 June 2015, the 52 week period ended 26 December 2015 and the 27 week period ended 2 July 2016.
Hot Features
Premium
GBPm 26 weeks 52 weeks 27 weeks
ended 27 ended 26 ended 2
June 2015 December July 2016
2015
---------------------- --------------- --------------- ---------------
Revenue
---------------------- --------------- --------------- ---------------
Rental (and
related revenue)(1) 123.7 262.9 128.7
---------------------- --------------- --------------- ---------------
Services(2) 22.7 49.5 37.5
---------------------- --------------- --------------- ---------------
Total 146.4 312.3 166.2
---------------------- --------------- --------------- ---------------
Contribution(3)
---------------------- --------------- --------------- ---------------
Rental 84.5 182.1 86.7
---------------------- --------------- --------------- ---------------
Services 3.0 6.1 5.2
---------------------- --------------- --------------- ---------------
Total 87.5 188.2 91.8
---------------------- --------------- --------------- ---------------
Branch & Selling
Costs (42.1) (86.0) (45.5)
---------------------- --------------- --------------- ---------------
Central costs (16.5) (31.2) (14.2)
---------------------- --------------- --------------- ---------------
Adjusted EBITDA 28.9 71.0 32.1
---------------------- --------------- --------------- ---------------
The segmental analysis has been further refined since the initial presentation in August 2016; all data presented here reflects these changes on a consistent basis.
Restated segmental results for Hero Acquisitions Limited
The tables below provide the restated segmental financial results for Hero Acquisitions Limited for the 52 week period ended 26 December 2015 together with those for the 40 week period ended 1 October 2016, the 27 week period ended 2 July 2016 and the 14 week period ended 2 April 2016, and their corresponding prior year periods in 2015.
GBPm 14 weeks 27 weeks 40 weeks
ended ended ended
2 April 2 July 1 October
2016 2016 2016
------------------ --------------- --------------- ---------------
Revenue
------------------ --------------- --------------- ---------------
Rental(1) 66.9 128.7 196.8
------------------ --------------- --------------- ---------------
Services(2) 17.5 37.5 59.2
------------------ --------------- --------------- ---------------
Total 84.3 166.2 256.0
------------------ --------------- --------------- ---------------
Contribution(3)
------------------ --------------- --------------- ---------------
Rental 45.1 86.7 135.0
------------------ --------------- --------------- ---------------
Services 2.7 5.2 7.7
------------------ --------------- --------------- ---------------
Total 47.8 91.8 142.7
------------------ --------------- --------------- ---------------
Branch & Selling
Costs (22.8) (45.5) (68.1)
------------------ --------------- --------------- ---------------
Central costs (7.3) (13.9) (21.7)
------------------ --------------- --------------- ---------------
Adjusted EBITDA 17.8 32.5 52.8
------------------ --------------- --------------- ---------------
GBPm 13 weeks 26 weeks 39 weeks 52 weeks
ended ended ended ended
28 March 27 June 26 September 26 December
2015 2015 2015 2015
------------------ --------------- --------------- --------------- ---------------
Revenue
------------------ --------------- --------------- --------------- ---------------
Rental(1) 61.7 123.7 195.0 262.9
------------------ --------------- --------------- --------------- ---------------
Services(2) 10.8 22.7 35.8 49.5
------------------ --------------- --------------- --------------- ---------------
Total 72.5 146.4 230.8 312.3
------------------ --------------- --------------- --------------- ---------------
Contribution(3)
------------------ --------------- --------------- --------------- ---------------
Rental 43.1 84.5 136.1 182.1
------------------ --------------- --------------- --------------- ---------------
Services 1.6 3.0 5.4 6.1
------------------ --------------- --------------- --------------- ---------------
Total 44.7 87.5 141.5 188.2
------------------ --------------- --------------- --------------- ---------------
Branch & Selling
Costs (20.5) (42.0) (65.5) (86.0)
------------------ --------------- --------------- --------------- ---------------
Central costs (8.8) (16.5) (24.6) (31.3)
------------------ --------------- --------------- --------------- ---------------
Adjusted EBITDA 15.4 29.0 51.4 70.9
------------------ --------------- --------------- --------------- ---------------
The segmental analysis has been further refined since the initial presentation in August 2016; all data presented here reflects these changes on a consistent basis.
Notes
(1) Comprises rental income earned from owned tools and equipment and directly related revenue e.g. resale, transport and other ancillary revenues.
(2) Comprises the group's third party supplied rehire business (HSS OneCall), HSS Training and TecServ.
(3) Revenue less cost of sales (excluding depreciation and exceptional items), distribution costs and directly attributable costs.
For further information, please contact:
HSS Hire Group plc Tel: 020 8260 3343 John Gill, Chief Executive Officer Paul Quested, Chief Financial Officer Robert Halls, Investor Relations Manager Citigate Dewe Rogerson Tel: 020 7638 9571 Kevin Smith Nick Hayns
Note to editors
HSS Hire Group plc provides tool and equipment hire and related services in the UK and Ireland. Focusing primarily on the maintain and operate segments of the market, over 90% of its revenues come from business customers. HSS is listed on the Main Market of the London Stock Exchange. For more information please see www.hsshiregroup.com.
This information is provided by RNS
The company news service from the London Stock Exchange
END
MSCBIGDXXSDBGRB
(END) Dow Jones Newswires
March 22, 2017 03:00 ET (07:00 GMT)
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