Hercules Site Services plc (LON:HERC), a leading technology enabled labour supply company for the UK infrastructure and construction sectors, has provided a trading update for the year ended 30 September 2024.
The Company expects another record year, with Hercules’ revenue, adjusted EBITDA and Profit Before Tax (PBT) for FY24 to be well ahead of market expectations*. Revenue is expected to be over £105m, representing an increase of c. 24% on the prior year ended 30 September 2023 (£84.7m).
Each of Hercules’ core divisions has delivered increased organic revenues, underpinned by the Company’s ability to capitalise on continued growth in the infrastructure and construction sectors. Most recently, Hercules has secured £8m of new investment via a placing and subscription, strengthening its balance sheet to position it to take advantage of the many opportunities in the UK infrastructure and construction sectors in order to grow both organically and via selective acquisitions.