HSS Hire Group PLC - Manchester-based equipment rental firm - Says revenue continues its steady recovery from the virus pandemic. Revenue was 94% of 2019 levels in the fourth quarter and 97% in December alone. This was up from 50% of 2019 levels in April, 63% in the second quarter and just above 90% in September. HSS also says it has financial liquidity headroom of more than GBP100 million. "The company has recently restructured its operating model to accelerate its digital strategy and I am delighted to say is performing well," says Chair Alan Peterson. HSS provides the trading update as its shares start trading on AIM on Thursday, moving from the London Main Market. HSS says the AIM listing will give it "greater flexibility" as it implements change.
Current stock price: 12.42 pence, up 4.8% Thursday
Year-to-date change: up 16%; down 55% over past 12 months
By Tom Waite; thomaslwaite@alliancenews.com
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Hss Hire (HSS)