21st Apr 2016 06:30
LONDON (Alliance News) - Equipment rental company Ashtead Group PLC on Thursday said its anticipates its full-year results will be at the top end of market expectations.
The FTSE 100-listed company said it has continued to trade well in the fourth quarter to the end of April and now expects its final results to be at the upper end of analyst consensus.
Ashtead released the short trading update ahead of an analyst seminar it will hold on Thursday, at which it will provide information on the growth plans for its operations.
"As the group has grown it has become larger and more diversified, and this will deliver higher returns and greater stability across the cycle. It does however lead to varying metrics relative to historical performance. It is important that these trends are better understood and to assist we have now added further granularity to our presentations," said Chief Executive Geoff Drabble.
By Sam Unsted; [email protected]; @SamUAtAlliance
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