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Trading statements

Hill & Smith rosy

17 November 2016 07:24

Hill & Smith Holdings says trading in the period from 1 July to the end of October has continued to be encouraging and it expects the performance for the current financial year to be at the top end of market expectations.

The group says results will also benefit from the positive translational impact on its overseas earnings from the recent weakness in sterling.

Underlying revenue increased by 15% to £185.0m (2015: £160.8m), with translational currency benefits contributing £9.1m or 6%.

After adjusting for additional revenue of £12.7m from acquisitions and reduced revenue from restructuring actions of £6.8m, organic underlying revenue growth was £9.2m or 5%.

Underlying operating profit and operating margin are ahead of the corresponding period last year. Story provided by

Related Company: HILS

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