21st Nov 2019 08:56
(Alliance News) - Hill & Smith Holdings PLC on Thursday said it expects 2019 results to be in line with market expectations.
The FTSE 250-listed infrastructure products supplier said it has continued to experience "strong" trading in its core UK and US markets in the four months to the end of October, with revenue increasing by 8.4% to GBP243.6 million. Organically, revenue advanced by 2% during the period.
Underlying operating profit, meanwhile, was ahead of the same four-month period last year, Hill & Smith noted, despite challenges with its Scandinavian business.
The company said it will publish its 2019 results on March 4 next year.
Hill & Smith shares were trading 2.5% lower in London early on Thursday at 1,336.21 pence each.
By Evelina Grecenko; [email protected]
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