Hercules Site Services PLC (AIM:HERC) announced that its full-year earnings will exceed market forecasts, driven by strong growth across its core divisions in the UK infrastructure and construction sectors.
For the 12 months ended September 30, the company expects revenue to surpass £105 million, a 24% increase from the previous year. This record performance will have a knock-on impact on both adjusted EBITDA and profit before tax.
Hercules attributed the strong performance to its ability to capitalise on continued demand in these sectors. Additionally, the company recently secured £8 million in new investment, further strengthening its financial position for future growth and acquisitions.
"We are thrilled to have delivered growth well ahead of the market's expectations for the year, once again reaching new record highs and adding to our proven track record of achieving significant year-on-year growth," CEO Brusk Korkmaz.
"This is testament to the team's ability to successfully seize exciting organic growth opportunities, such as our entry into new labour supply markets and the highly acclaimed launch of the Hercules Construction Academy, and to execute on the opportunities presented through our recent M&A."