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 |
