Hercules Site Services PLC Trading Update (4662Z)

TIDMHERC

RNS Number : 4662Z

Hercules Site Services PLC

16 May 2023

Hercules Site Services plc

("Hercules" or "the Company")

Trading Update

Hercules Site Services plc (AIM: HERC), a leading technology enabled labour supply company for the UK infrastructure sector, is pleased to provide a trading update for the six months ended 31 March 2023, based on unaudited management accounts for the period.

The Company is trading in line with market expectations for the full year to 30 September 2023, with revenue expected to be over GBP37 million for the first six months. This represents an increase of c. 85% on the six months to 31 March 2022 (GBP19.9m). All income streams grew, each with their own individual drivers, underpinned by the substantial demand in the infrastructure sector.

Hercules will publish its Interim Results on 5 June 2023. On the same day, CEO Brusk Korkmaz and CFO Paul Wheatcroft will deliver a live presentation regarding the Company's Interim Results via the Investor Meet Company platform at 09:30a.m (BST). Further details can be found below.

Brusk Korkmaz, Chief Executive Officer, commented:

"During the period we have delivered strong revenue growth, new clients and opened doors to exciting new sales opportunities. While we are not immune to inflationary pressures, with trading in line with expectations, and strong momentum being experienced in the construction and infrastructure sectors, we look forward to the next six months with confidence."

Investor Meet Company Webinar

The presentation is open to all existing and potential shareholders. Questions can be submitted pre-event via the Investor Meet Company dashboard up until 9.00 a.m. on 4 June or at any time during the live presentation.

Although the Company may not be in a position to answer every question it receives, it will address the most prominent within the confines of information already disclosed to the market. Responses to the Q&A from the live presentation will be published at the earliest opportunity on the Investor Meet Company platform.

Investor feedback can also be submitted directly to management post-event to ensure the Company can understand the views of all interested parties.

Investors can sign up to Investor Meet Company for free and add to meet Hercules Site Services plc via:

https://www.investormeetcompany.com/hercules-site-services-plc/register-investor

Investors who already follow Hercules Site Services plc on the Investor Meet Company platform will automatically be invited.

For further information and enquiries, please contact:

 
 Hercules Site Services plc                                           c/o SEC Newgate 
  Brusk Korkmaz (CEO) 
  Paul Wheatcroft (CFO) 
 
 SP Angel (Nominated Adviser and Broker) 
  Matthew Johnson / Adam Cowl / Harry Davies-Ball 
  (Corporate Finance)                                            +44 (0) 20 3470 
  Grant Barker / Rob Rees (Sales and Broking)                     0470 
 
 SEC Newgate (Financial Communications)                         +44 (0) 20 3757 
  Elisabeth Cowell / Ian Silvera / Matthew Elliott               6882 
                                                                 Hercules@secnewgate.co.uk

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END

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May 16, 2023 02:00 ET (06:00 GMT)

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