Hercules Site Services final results shows significant growth across all business areas

Hercules Site Services plc (LON:HERC), a leading technology enabled labour supply company for the UK infrastructure sector, has announced its audited results for the year ended 30 September 2023.

Financial Highlights

·    Growth across all areas of the business and results exceeding market expectations

·    Revenues increased 71% to a record £84.7m (2022: £49.5m)

·    Gross profit increased 67% to £16.3m (2022: £9.8m)

·    Adjusted EBITDA* increased 79% to a record £4.1m (2022: £2.3m)

·    Pre-tax profit of £641,321 (2022: £160,685)

·    EPS increased to 1.27p (2022: 0.58p) – increase of 119%

·    Cash at year end of £4.2m (2022: £1.2m)

·    Proposed final dividend of 1.12p per share (2022: 1.12p)

*Adjusted EBITDA excludes research and development, share based payments, profit/(loss) on sale of assets and exceptional items

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