(Alliance News) - Hill & Smith Holdings PLC said it has made a good start to the year with sales rising and operating profit recovering.
Shares were up 1.5% to 1,526.00 pence in London.
Revenue in the four months to April 30 was up 10% year-on-year, the Solihull-based company said. Operating profit made a "strong recovery" from the pandemic disruption in the same period last year.
Hill & Smith, which makes safety infrastructure such as roadside crash barriers, said its expectations for a good recovery in 2021 are unchanged. The company is mitigating the effects of US labour shortages and higher steel costs.
"The group has made an encouraging start to the year, and we expect a good recovery in trading through 2021. We are moving ahead with our plans to create a higher quality business," Chief Executive Paul Simmons said.
By Ivan Edwards; ivanedwards@alliancenews.com
Copyright 2021 Alliance News Limited. All Rights Reserved.
Hill & Smith (HILS)