Hercules Site Services reports record revenues, EBITDA and PBT

Hercules Site Services plc (LON:HERC), a leading technology enabled labour supply company for the UK infrastructure and construction sector, has announced its unaudited interim results for the six months ended 31 March 2024.

Financial highlights:

  • Record revenues, EBITDA and PBT in H1 for Hercules
  • Revenue increased by 32% to £48.8m (H1 2023: £37.0m)
  • Gross profit increased by 21% to £8.1m (H1 2023: £6.7m)
  • Adjusted EBITDA* increased by 91% to £2.1m (H1 2023: £1.1m)
  • PBT of £0.2m compared with a loss of £0.2m in H1 2023
  • Strong operational cash generation of £5.8m in the period
  • Interim dividend of 0.6p declared (H1 2023: 0.6p)

Operational highlights:

Significant organic growth in all areas of the business, combined with the first contribution from the Future Build Recruitment Ltd (“Future Build”) acquisition has helped the Company achieve another period of record growth in H1 2024
The Construction Academy opened on 31 January 2024 and has already started to generate significant interest and initial revenues from colleges, clients, and the industry in general
Our first acquisition, Future Build, a white collar supplier to the construction industry, completed on 30 November 2023
Click to view all articles for the EPIC:
Or click to view the full company profile:
Facebook
X
LinkedIn
Hercules Site Services plc

More articles like this

Hercules Site Services plc

Hercules Site Services reports record revenues

Hercules Site Services, a Cirencester-based company supplying labour to major projects like HS2 and the Sizewell C nuclear plant, has reported record revenues for the first half of the financial year. The company’s unaudited interim results

Hercules Site Services plc

Cirencester labour supply firm reports strong start to 2024

Hercules Site Services, a Cirencester-based company specialising in technology-enabled labour supply for the UK’s infrastructure and construction sector, has reported a highly positive start to the year. In their unaudited interim results for the six months

Hercules Site Services plc

Hercules Site Services Confident amidst Strong Momentum

Labour supply specialist, Hercules Site Services, has expressed confidence for the rest of the financial year, bolstered by continuing strong momentum observed in its first half. Headquartered in Cirencester, the company anticipates a revenue of over

Hercules Site Services plc

Addressing the UK Construction Skills shortage

A new report has revealed that only 45% of the UK public is aware of the skills shortage in construction. UK tradespeople believe that the biggest contributing factor to the skills shortage is a negative perception of